Swedish pension fund invests EUR 26m in solar co Exeger

Giovanni with PV cell for wireless headphone headband.

July 4 (Renewables Now) - Swedish pension fund AMF has taken a 6% stake in solar technology firm Exeger Sweden AB by investing in it SEK 277 million (USD 29.7m/EUR 26.3m).

This recent announcement follows an investment of USD 10 million in Exeger from SoftBank Group Corp (TYO:9984), revealed in March, and the signing of the Swedish solar company’s first commercial contract.

Exeger produces novel printable photovoltaic (PV) cells for use in consumer electronics and other applications. The cells can be printed in free-form and different colours and they can work in both artificial and natural light. 

Exeger is working towards achieving fully automated production at its next factory. “You will see our solar cell integrated into products on the shelves in 2020 and this is only the beginning,” said chief executive and founder Giovanni Fili.

AMF is owned by the Confederation of Swedish Enterprise and the Swedish Trade Union Confederation.

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Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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