HelioSphera (formally known as Next Solar) last week officially inaugurated its production plant in Tripoli, Greece.
The plant is specialized in producing thin-film photovoltaic panels, using Oerlikon Solar’s Micromorph technology. The plant has annual capacity of 60 megawatts (MW) and is said to be the largest of its type in Europe.
The EUR 185 million investment, one of the biggest private investments in this country of the past decade, is subsidized by roughly EUR 30 million included in the Developmental Bill that was voted into law by the plenary of the Greek Parliament.
In addition, the fully automated Clean Room of 1.500 m2 constitutes one of Europe’s largest and by far the biggest in Greece.
The principal investors of HelioSphera include an affiliate of Plainfield Asset Management LLC (a U.S.-based hedge fund that manages approximately $5 billion with significant investments in the alternative energy sector and more specifically in the biofuels and renewable energy sectors), and a subsidiary company of Sciens International Investments and Holdings S.A. (a company that invests in alternative investments and is listed on the Athens Stock Exchange).
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