Search En menu en ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages

    Signature(s)

    Amount
    € 35,000,000
    Countries
    Sector(s)
    Sweden : € 35,000,000
    Industry : € 35,000,000
    Signature date(s)
    7/12/2023 : € 35,000,000

    Summary sheet

    Release date
    23 October 2023
    Status
    Reference
    Signed | 07/12/2023
    20220366
    Project name
    Promoter - financial intermediary
    PRINTED SOLAR CELL MANUFACTURING PLANT (IEU GT)
    EXEGER OPERATIONS AB
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 35 million
    EUR 72 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the development of a commercial scale manufacturing plant for dye-sensitized solar cells (DSC). The expansion aims to scale up the production capacity to meet market demand for Exeger's innovative DSC technology which is suitable for electronic applications with low power consumption. The unique product shows superior performance and characteristics compared to existing products on the market in both indoor and outdoor applications.

    The primary objective of the project is to scale production at Exeger's factory in Kista, Stockholm, Sweden. The scaling up of production is anticipated to expand and streamline the manufacturing process, enhance operational efficiencies, and contribute to the broader goal of promoting renewable energy technologies integrated in a wide range of applications.

    Additionality and Impact

    The project is in line with the InvestEU objective to finance the development of the energy sector through the generation and use of clean and sustainable renewable energy sources and solutions.

     

    The project is eligible under Article 309 point (c) Common interest and qualifies under the Bank's Innovation; Digital and Human Capital" public policy goal.

     

    The project concerns the promoter's development of the first commercial scale manufacturing plant for dye-sensitized solar cells (DSC). The DSC cells are suitable for electronic applications with low power consumption. The unique product shows superior performance compared to existing products on the market in both indoor and outdoor applications.

      

    EIB is providing a substantial amount of senior financing to the Project, with a catalytic role, expected to crowd in other financiers. With the EIB participation, the Promoter will be able to diversify its funding sources and likely improve its financing conditions. The financing structure is beneficial for the Project.

     

    The project addresses several market failures related to financing of a small, innovative, high-growth company. The level of risk of this operation is expected to be in excess of the risk capacity the EIB could take under its own risk. Therefore, this operation could not be executed without the support of InvestEU. 

    Environmental aspects
    Procurement

    The project will enable more wide-spread adaptation and integration of Exeger's DSC technology which reduces carbon emissions, waste, and use of scarce resources for goods in consumer electronics and IoT applications. The project has obtained an environmental permit according to the Swedish Environmental Code for the manufacture of solar cell material.

    The promoter has been assessed by the EIB as being a private company not being subject to EU rules on public procurement or concessions. However, if at the project appraisal, the EIB were to conclude that the promoter is subject to the EU public procurement legislation then the Bank would duly inform the Commission Services and would require the promoter to apply those rules.

    Milestone
    Under appraisal
    Approved
    Signed
    4 December 2023
    7 December 2023
    Related projects

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Environmental and Social Impact Assessment (ESIA) - PRINTED SOLAR CELL MANUFACTURING PLANT (IEU GT) - Miljökonsekvensbeskrivning
    Publication Date
    9 Dec 2023
    Document language
    Main Topic
    Lending
    Document Number
    184931843
    Document Focus
    Environmental Information
    Project Number
    20220366
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - PRINTED SOLAR CELL MANUFACTURING PLANT (IEU GT)
    Publication Date
    9 Dec 2023
    Document language
    Main Topic
    Lending
    Document Number
    177782872
    Document Focus
    Environmental Information
    Project Number
    20220366
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications