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September 15, 2022

2 minutes

Invest-NL invests € 3.5 million in Exasun

Invest-NL invests € 3.5 million in Exasun, a Dutch manufacturer of in-roof solar systems using Building Integrated PhotoVoltaic (BIPV - Building Integrated PhotoVoltaic) solar cell solutions. The investment is part of a capital injection totaling € 9 million. Other investors include ABN AMRO Sustainable Impact Fund, Wienerberger and existing shareholders ENERGIIQ, Dockpoint and No Such Ventures.

Since 2015, Exasun has successfully played a leading role in the development of the Dutch market for building-integrated PV solutions. The solutions produced by Exasun have a high aesthetic value, make roofs waterproof, generate energy and are quick and easy to install.

“The expansion of BIPV in Europe and beyond requires additional production capacity and with this capital injection we are building, among other things, a completely new PV assembly line at our current production location in The Hague,” says Remon Veraart, CEO of Exasun.

Kristie Dekkers, investment associate at Invest-NL: “The investment in Exasun fits well with our investment strategy. The unique applicability of the Exasun PV products accelerates the use of solar cells in the built environment. In combination with the relatively low use of harmful materials and the high degree of circularity of the products, this makes it a very attractive investment for Invest-NL.”

“We are convinced that homeowners are interested in aesthetically pleasing solar panels and see it as a major advantage that with the Exasun solution a much larger part of the roof surface can be used for energy generation. Invest-NL is very pleased to contribute to the future success of Exasun and a European solar panel industry,” said Leo Holwerda, director of Capital at Invest-NL.

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