{"id":576851,"date":"2010-05-24T16:53:26","date_gmt":"2010-05-24T20:53:26","guid":{"rendered":"http:\/\/greenenergyreporter.com\/?p=8392"},"modified":"2010-05-24T16:53:26","modified_gmt":"2010-05-24T20:53:26","slug":"memc-ready-to-pay-76m-for-silicon-wafer-maker-solaicx","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/576851","title":{"rendered":"MEMC Ready To Pay $76M for Silicon Wafer Maker Solaicx"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/funding.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Funding\" \/><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.greenenergyreporter.com\/wp-content\/themes\/v1\/img\/cat\/solar.png\" width=\"8\" height=\"8\" alt=\"\" title=\"Solar\" \/><\/p>\n<p>MEMC Electronic Materials has agreed to buy Solaicx, a\u00a0 Santa Clara, Calif.-based maker of silicon wafers for photovoltaic panels for $66 million. MEMC could pay an aditional $10 million if Solaicx gets additional investments from current shareholders.<\/p>\n<p><span id=\"more-8392\"><\/span><\/p>\n<p>MEMC owns solar power plant developer SunEdison.<\/p>\n<p>Solaicx has raised\u00a0over $50\u00a0million in VC funding from D.E. Shaw, Applied  Ventures, Big Sky Ventures, Firsthand Capital Management, Labrador  Ventures\u00a0and Greenhouse Capital Partners, <a href=\"http:\/\/www.pehub.com\/72536\/memc-buying-vc-backed-solaix\/\" >according to PeHUB<\/a>.<\/p>\n<p>The monocrystalline wafers developed by Solaicx\u00a0 can capture more sun energy over a smaller area and produce more electricity.<\/p>\n<p>Commenting on the acquisition Ken Hannah, president of MEMC Solar Materials, <a href=\"http:\/\/www.memc.com\/index.php?view=investors&amp;c=106680&amp;p=irol-news\" >said<\/a>:<\/p>\n<blockquote>\n<p>Solaicx&#8217;s  innovative and advanced manufacturing technology should  enable us to  reduce costs and improve efficiency, while enhancing our  ability to  drive the solar industry toward grid parity.<\/p>\n<\/blockquote>\n<p>The  acquisition is expected to close by the end of June 2010. Solaicx has approximately 80 employees and a  large-scale production facility in Portland, Oregon.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/GreenEnergyReporter\/~4\/Y0m2zsM-qNo\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MEMC Electronic Materials has agreed to buy Solaicx, a\u00a0 Santa Clara, Calif.-based maker of silicon wafers for photovoltaic panels for $66 million. MEMC could pay an aditional $10 million if Solaicx gets additional investments from current shareholders. MEMC owns solar power plant developer SunEdison. Solaicx has raised\u00a0over $50\u00a0million in VC funding from D.E. Shaw, Applied [&hellip;]<\/p>\n","protected":false},"author":2814,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-576851","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/576851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/2814"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=576851"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/576851\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=576851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=576851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=576851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}