Nanosolar Raises Record Funding in 2008

Nanosolar announced a little over a month ago that it raised $300 million for production facilities in Germany and the US, which is the most for any solar start-up this year. They hope to manufacture enough panels at it's San Diego factory to generate about 430 megawatts of electricity. In California the rule of thumb is that 1 megawatt will power about 750 homes.