Events
NexWafe's groundbreaking ceremony on October 18, 2023 signals the return of the upstream PV supply chain to Germany.
During a groundbreaking ceremony in Bitterfeld-Wolfen, NexWafe welcomed and celebrated with 130 attendees, including the Chief Mayor of Bitterfeld-Wolfen, prospective customers, and key suppliers and equipment partners. More than 40 NexWafe team members also attended to celebrate the milestone achieved as a company.
NexWafe thanked Chemie Park Bitterfeld for their local support as both investor and infrastructure provider, as well as Group-IPS in Belgium for the engineering work, and BremerBau for the first phase of construction on the epitaxy facility.
The goal is to begin production for NexWafe's first commercial facility in the second half of 2025, based on completion of a contemplated Series D fundraising in the first half of 2024. This financing will also support a US expansion and further R&D.
More specifically, NexWafe is building an initial 250 MW production line in Bitterfeld-Wolfen and will invest at least €70 million at the site and create approximately 90 jobs. However, the existing infrastructure in the Bitterfeld-Wolfen Chemical Park enables NexWafe to build up 3 GW/a of additional wafer production capacity. The investment amount for the 3 GW/a expansion stage would amount to around 300 million euros and create up to 500 jobs in the Bitterfeld-Wolfen area.
