Sky Solar Holdings, Ltd. announced that its wholly-owned subsidiary, Sky Capital America Inc. has made a strategic investment in AmberWave Inc. As a part of this investment, Sky Capital America will exclusively provide a broad range of services for the first 250 MW of deployments of AmberWave BIPV technology. The services include project financing, system design, engineering, procurement and construction management and operations and maintenance services. In addition, Mr. Sanjay Shrestha, President of Sky Capital America, will join the AmberWave Board of Directors.
"Sky Capital America is pleased to make this strategic investment in what we believe to be a game-changing, silicon-based BIPV technology. We see a vast market in its main application in commercial and industrial steel rooftops," commented Mr. Shrestha. "We view this as a strategic step to expand our pipeline in what we see as a next frontier of growth in the US PV market."
"We are delighted to be partnering with Sky Capital America and to have Mr. Shrestha join our Board of Directors," said Dr. Anthony Lochtefeld, CEO of AmberWave. "We believe Sky Capital America's investment reflects its confidence that ultra-thin flexible silicon solar cells hold great promise for metal rooftops and unmanned aerial vehicles."