Odersun Receives State Guarantees for €10M in Debt Financing

Odersun AG, a Frankfurt, Germany-based manufacturer of customized thin-film solar cells and modules, received state guarantees from the Federal State of Brandenburg for €10m in loans.
The raising of credit enables the company to advance ramp-up of production and market entry with customized solar products based on a proprietary technology.
Odersun is currently commissioning its 20MW production facilities in Fürstenwalde/Spree, Germany. Within the end of 2010, the four already installed production lines will be in operation. Next to the manufacturing of standard thin-film modules, Odersun works on a portfolio with customer specific solar modules of special forms applicable for direct integration into buildings.

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