CIGS PV maker MiaSolé bags $55m for commercial expansion

Copper indium gallium selenide (CIGS) thin-film PV solar panel maker MiaSolé has raised an additional $55m, mainly from existing investors, to continue expansion.

The California company has now raised something north of $550m from investors including Kleiner Perkins, Firelake Capital and VantagePoint Venture Partners since 2004, according to various media reports. The company does not disclose its total investment.

After a round of layoffs earlier this year, MiaSolé has continued its march up the efficiency scale with a "champion device" hitting 17.3% in February. Current production panels are 14% efficient and boast what chief executive John Carrington boasts is "the industry's lowest capex per watt, which is now under $0.50".

He says the additional…

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