Oxford Photovoltaics Germany, a subsidiary of Oxford PV, has received funding of €15 million form the European Investment Bank (EIB), to support the commercialization of its perovskite-on-silicon tandem solar cell technology.

The funding is the first in Germany under InnovFin - EU Finance for Innovators’ Energy Demonstrator Projects. It relies on the financial backing of the European Union under Horizon 2010 Financial Instruments, aimed at supporting European innovators such as Oxford PV, tackling tomorrow’s challenges and supporting climate action.

A Monash University-led project, aimed at making it easier, cheaper and more efficient to capture solar energy through building windows and walls, has recently been awarded funding from the Australian Renewable Energy Agency.

Associate Professor Jacek Jasieniak, Director of the Monash Energy Materials and Systems Institute, will receive 0.75 million Australian dollars (almost $0.6 million USD) to develop highly efficient and extremely thin perovskites-based solar cells.