Eric Savitz, Blogger and Columnist, Barron's

Intel: Creating a New Solar Play

June 16, 2008 at 6:12 pm PT

Intel (INTC) has announced plans to spin-off some assets from its New Business Initiatives group into a new company to make and supply photovoltaic cells called SpectraWatt.

Intel Capital is leading a $50 million investment round in the new company, along with the Cogentrix Energy unit of Goldman Sachs, PCG Clean Energy and Technology Fund and Solon AG. The deal expected to close in the second quarter.

In addition to focusing on advanced solar cell technologies, the company said SpectraWatt will work on improving current manufacturing processes to cut the costs of generating solar power.

Read the rest of this post

Tagged with: Barrons, Eric Savitz, frontpage, Goldman Sachs, Intel, PCG Clean Energy and Technology Fund, solar power, Solon AG, SpectraWatt

comments so far. Add yours.

About Voices

This is a section of the AllThingsD Web site featuring posts that have been curated from around the Web: pieces we’ve read, discussions we’ve followed, stuff we like. Five posts are included here each weekday, but only the headline and the first two sentences. We link to the original site for the rest. The section is explicitly labeled, so it’s clear that content comes “from other Web sites.”

We also solicit original full-length posts and accept some unsolicited submissions. Voices is edited by Beth Callaghan.