The Dutch province of Limburg has announced investments in solar panel manufacturer Solarge.
Solarge produces lightweight solar panels designed to provide a solution in locations where conventional panels would be too heavy.
In April, the company announced that it had raised $3 million in venture capital to increase the production capacity of its production facility in the city of Weert, located in Limburg. It is also preparing the construction of a second production facility.
The Limburgs Energie Fond (LEF), founded by the province, was one of the investors in the financing round, making LEF a co-shareholder of Solarge. The amount of the investment was not disclosed.
“The investment from the Limburg Energy Fund enables us to make our innovative, lightweight solar panels accessible to a wider audience in the long term,” said CEO Jan Vesseur of Solarge. “We are pleased that LEF shares our vision and supports us in our mission to accelerate the energy transition.”
The Netherlands added 4.82 GW of solar energy last year, bringing the cumulative installed capacity to 24 GW.
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