AIX-EN-PROVENCE, France, October 5, 2017 /PRNewswire/ --
SUNPARTNER Technologies, a pioneering company which develops and integrates photovoltaic glass for the building market, has announced the opening of a new production site in Rousset, near Aix-en-Provence. During the opening ceremony, the company and the European Investment represented by his Vice-President, Ambroise Fayolle, signed a EUR 15 million financing to boost the development and research programs of the company. The EIB financing is guaranteed under the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe commonly known as Juncker Plan.
The EFSI-backed financing will allow the company to establish its commercial infrastructure, invest in R&D and further expand its manufacturing capacity. SUNPARTNER Technologies previously raised EUR [55.0] million of capital investments and the EIB financing brings the total financing to EUR [70.0] million.
"This is a key loan for innovation and climate action that comes at a crucial time for this firm with strong growth potential," said Vice-President Ambroise Fayolle at the event. "The EIB is particularly proud to be financing this innovative project, which will enable SUNPARTNER Technologies to market its cutting-edge technology while developing its future production lines."
Ludovic Deblois, CEO of Sunpartner: "The support of the EIB is essential to accelerate our growth. This financing also shows the strong involvement of the European Union to protect our planet."
The European Investment Bank (EIB) is the EU bank, and together with the European Investment Fund (EIF) forms the EIB Group. Thanks to its reliable expertise and the financial attractiveness of its AAA rating, the EIB Group has doubled the volume of its activities in France since 2012 (reaching EUR 9.3bn in 2016), not only supporting SMEs and innovation but also financing investment in strategic sectors such as climate action, energy, healthcare, education for young people and training facilities.
SUNPARTNER Technologies develops innovative photovoltaic solutions for the consumer electronics, building, and transportation markets. Its Wysips® technology captures solar energy and converts it to electricity. SUNPARTNER was founded in 2008, has today 85 employees, raised €70 million since its creation.
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SOURCE SUNPARTNER Technologies