Wealthics | Open invests 2 million in scale up of disruptive Solarus sunpower
post-template-default,single,single-post,postid-703,single-format-standard,qode-quick-links-1.0,ajax_fade,page_not_loaded,,qode_grid_1300,footer_responsive_adv,qode-theme-ver-11.0,qode-theme-bridge,wpb-js-composer js-comp-ver-4.12,vc_responsive

Open invests 2 million in scale up of disruptive Solarus sunpower

Open invests 2 million in scale up of disruptive Solarus sunpower


Global finance and investment company OPEN is investing €2 million in Solarus Sunpower from The Netherlands.

OPEN also signed a letter of intent to establish a Solarus assembly factory in Panama in 2017. With these strong commitments to Solarus, this disruptive player in solar energy is creating further momentum for its planned scale up in 2017 leading to a spectacular revenue growth. Over the last quarter Solarus received another €2 million investment and an Eureka grant of €2,68 million for development of product and production technology.

Solarus fits very well in the investment portfolio of OPEN, a global visionary finance company that is investing in cleantech projects and business. Its network covers Europe, Asia, The Middle East and the Americas, with a wide range of investment and project opportunities. OPEN takes a value investment approach to projects and businesses which result in added value to society both financially, environmentally and socially.

Besides investing in renewable energy assets, like wind and solar parks, OPEN seeks long term capital growth through investment in equity and debt in the securities of companies who are active in the renewable energy sector and in clean technology markets. With Solarus’ disruptive 3rd generation solar technology capturing 70% of solar energy and producing up to 4 times more energy than conventional PV panels, the company is providing the world with a powerful new weapon to fight energy poverty and CO2 emissions.

OPEN’s €2 million investment (with a possible add of €0,4 million premium) is part of the €6 million financing round that Solarus opened in September. Having secured €4 million from two investors and with additional investments of existing shareholders, including senior management, Solarus is now getting the funding to scale up its production and sales. In the short term Solarus expects to fulfill the current investment round with one or two more major parties. For 2017/2018 one more, larger financing round is planned prior to an intended IPO at London’s Social Stock Exchange.

Nick Rickard, Managing Director of OPEN: “After a long and very thorough due diligence process, OPEN is delighted to invest in Solarus, owning a highly disruptive solar technology and being able to produce it on a massive scale. This company can be expected to have an enormous impact on the world of energy and CO2 reduction. OPEN is always looking for these kinds of unique opportunities on the verge of environment and technology. We have high expectations for Solarus.”

Solarus CEO Leen Zevenbergen: “Slowly but certainly the market is discovering that this 3rd generation solar is indeed the most efficient way to get energy from the sun, as was already stated by the International Energy Agency years ago. Solarus is at the moment the only company in the world, able to produce this technology on a mass scale. With our sales pipeline filling up, the potential for this technology is beginning to show and grow. We are very happy to have OPEN on board as they will also be actively involved in the development of Solarus.”

No Comments

Post A Comment



This website is strictly for the use of professional wealth management intermediaries such as Family Offices, Fund of Funds, Financial Advisors and Wealth Managers. All material on this website has been prepared for informational purposes only and is NOT INTENDED TO AND SHALL NOT IN ANY WAY CONSTITUTE AN INVITATION, OFFER OR SOLICITATION to invest in any investment related products. Information contained in this website DOES NOT CONSTITUTE INVESTMENT ADVICE. Potential investors should note that investments can involve significant risks and your initial capital is at risk. No assurance can be given that the investment objective of any investment products will be achieved. Any reference to any specific company, financial product or asset class in whatever way does not constitute a recommendation on the suitability of that as as investment for any individual or entity.

This website is not directed to any person in any jurisdiction which prohibits the publication or availability of this website or where such publication or availability would subject Wealthics Global Partners Ltd to any registration requirement within such jurisdiction. It is your responsibility to be aware of and to observe all the applicable laws and regulations of your jurisdiction. You should consult your professional adviser(s) as to whether you require any governmental or other consents or need to observe any formalities to enable you to access the information. Please do not view the remaining pages of this website if the publication or availability of this website is in any way prohibited in your jurisdiction. If you are in any doubt, please seek further advice before viewing this site. By proceeding to view the contents of this website, we assume you are representing and warranting that the applicable laws and regulations of your jurisdiction allow you to access the information.

While all the reasonable steps have been taken in preparing the material on this website, no warranty whatsoever is given and no responsibility or liability is accepted for any loss arising directly or indirectly in connection with or as a result of any person acting on any information, opinion or statement expressed in the same. The information is not guaranteed as to accuracy, nor is it a complete statement of the financial products or markets referred to. Opinions expressed are subject to change without notice.

The website also contains links that lead to other websites. These links are provided solely for your convenience and do not constitute any endorsement, sponsorship or approval of the material in such sites or any such related information on those websites that is beyond our control.

Any potential investors to any investments mentioned, referred to or linked to, on this website, should read the relevant offering documents carefully for further details including the risk factors before any investment decision is made. Prospective investors should consult their own professional advisers, stock brokers, lawyers, accountants, tax consultants, bank managers or any other professional advisers they consider necessary before making an investment.

Any use of this website and reliance on the information herein are entirely at your own risks. In no event shall Wealthics Global Partners Ltd, or any of its subsidiaries or affiliates, and their respective officers, directors, employees, representatives, agents, information providers, service providers, suppliers, licensors and licensees, and all other related, associated, or connected persons be liable for any loss, damage or injury to any data, income, goodwill, property or third parties, whether it be direct, indirect, special, punitive, exemplary, consequential or incidental, caused by or arising out of or in relation to (i) the use of access of this website and the information therein or (ii) any failure of performance, error, omission, interruption, deletion, defect, transmission blackout, incorrect data transmission, delay in operation, computer virus or other destructive items.