Sky Capital America Invests in AmberWave

Sky Solar Holdings wholly-owned subsidiary, Sky Capital America has invested in AmberWave. 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 (Building Integrated Photovoltaic) technology.

The services include project financing, system design, engineering, procurement and construction management and operations and maintenance services. Sky Capital America president, Mr. Sanjay Shrestha will join the AmberWave as its Board of Directors.

Mr. Shrestha said that Sky Capital America is pleased to make this strategic investment in what they believe to be a game-changing, silicon-based BIPV technology.  They see a vast market in its main application in commercial and industrial steel rooftops. They view this as a strategic step to expand their pipeline in what they see as a next frontier of growth in the US PV market.

AmberWave CEO, Dr. Anthony Lochtefeld said that they are delighted to be partnering with Sky Capital America and to have Mr. Shrestha join their Board of Directors. They 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.