27 May '15, 5am

Soitec sells its CPV business to refocus on its core semiconductor activities

Soitec SA (Bernin, France) on May 21st , 2015 announced a definitive agreement with ConcenSolar, a privately held company and a business partner of concentrator photovoltaics (CPV) producer Suncore Photovoltaic Technology Co Ltd. (Huainan, Anhui province, China) to divest its solar system business. Soitec sells its CPV business to ConcenSolar, including all technology assets, manufacturing operations in Freiburg, Germany and San Diego, U.S.A., the company announced. Soitec shall retain for future disposal certain other assets, including the ownership interests in certain solar power plants. Soitec will continue to develop and bring to the market, based on its existing industrial capacity, a four-junction solar cell (Smart Cell) characterized by its world record efficiency. “As announced in the press release dated January 19th , 2015, our Board of Directors unanimously deci...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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