05 Sep '13, 7pm

UPDATE: CPV Pioneer SolFocus Up for Sale

One of the leading concentrating photovoltaic companies in the world, SolFocus previously announced in November 2012 that it was restructuring the business in hopes of finding a buyer. As part of the restructuring, the company let go 35 people and "the focus of our effort [now] is really around an acquisition," said Nancy Hartsoch, Senior VP of the company. SolFocus produces concentrating photovoltaic cells and develops them into projects. In the past 24 months SolFocus has deployed over 15 megawatts of CPV systems in 13 countries globally. The company has achieved quarter-to-quarter growth over the past six quarters, said Hartsoch who has been with the company for six years. “From a traction standpoint, everything has been pretty strong, it’s just been challenging to get to that point of self-sustaining or profitability,” she said. SolFocus is a privately held company tha...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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