07 Aug '13, 6am

[Prod/Sustainablity] Nanosolar to Auction Last of Assets

Nanosolar joins the list of failed thin-film solar firms despite $70 million in investment just last year. By Candace Pearson Having sold its German manufacturing factory (shown here) to a Swiss investor, Nanosolar will dispose of the remaining machinery and equipment from its San Jose factory through an online auction August 13. In its heyday 11 years ago, the thin-film solar startup Nanosolar was valued at $2 billion and attracted investors like Energy Capital Partners and Benchmark Capital. Now, following layoffs and lawsuits, it has sold its assembly factory to an unnamed Swiss investor for an undisclosed amount and will auction assets from its factory in San Jose, California, in August 2013. The company had been making thin-film photovoltaic (PV) panels by printing copper indium gallium selenide (CIGS) ink on a foil only a few nanometers thick, without using high-vacu...

Full article: http://www.buildinggreen.com/auth/article.cfm/2013/7/28/N...

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