Oxford PV

Oxford PV

Oxford PV

TRANSACTION SYNOPSIS

  • On 11 June 2019 Alexa Capital sourced and executed strategic partnerships for Oxford PV and completed a c. £65m equity raise process
  • £21m lead investment from Goldwind
  • £10m investment from Equinor and Legal & General
  • £4m from co-investors
  • £30m investment in Series D from Meyer Burger Technology AG

ALEXA CAPITAL’S ROLE

  • Alexa provided financing advice on capital raising from strategic energy sector partners as well as financial institutions
  • Strategic advice on upstream partnering with Meyer Burger and joint development of the highest efficiency commercially available solar cells
  • Negotiation of a strategic collaboration agreement for equipment supply at Oxford PV’s first commercial scale manufacturing facility
  • Cross boarder expertise to manage transaction counterparts from 3 continents and 6 countries

WHAT THE TRANSACTION MEANS FOR THE ENERGY SECTOR

  • The success of the funding round and the quality of new investors attracted, validates the commercial readiness of the technology
  • The production line Oxford PV are installing in Germany, to manufacture perovskite-on-silicon tandem solar cells, will be the first of its kind anywhere in the world
  • Solar panels built upon Oxford PV’s perovskite solar cell technology will generate more power, critical for delivering more affordable clean energy, accelerating the adoption rate of solar and addressing climate change