Winchester, UK - Danish solar energy solutions company RAcell Solar AS (Copenhagen, Denmark) has secured multimillion investment funding and plans to build Denmark's first fully automated solar cell factory in Copenhagen.
RAcell has a new patented technology which can simultaneously make the solar cells larger, cheaper and more effective in relation to promising new markets.
The founder and owner of RAcell, Yakov Safir, said: "We are starting up with smaller-scale production in 2010, and in 2011 we will open a completely new large scale factory covering 5,000 to 10,000 square metres."
Safir is not disclosing the investors who have put the millions of kroner into the enterprise, but the project will be 100 percent Danish owned with both institutional and industrial investors.
Racell has 10 staff, but Safir expects to be employing more than 100 staff during 2010 and many more when the large factory will be completed in 2011 with an annual production capacity of up to 120 MW.
Racell's patented technology means that it can manufacture solar cells larger and cheaper than similar solutions on the market today. RAcell's expertise enables the company to make solar cells two to four times larger than today's 156 x 156 mm standard. Racell is able to use a less pure type of silicon which helps to minimize costs. The company's solar cells can be combined in large multifunctional modules that RAcell already produces today, including the world's most powerful module (800 W) which is made for the Danish company VELUX.