Soitec strikes Saudi CPV deal

A Soitec plant in New Mexico, US

A Soitec plant in New Mexico, US

Investment firm Khaled Juffali Company (KJC) has tied up with French semiconductor company Soitec to sell concentrator photovoltaic (CPV) systems in Saudi Arabia.

Under a joint-venture arrangement, Soitec will provide technical and commercial solar expertise, while KJC will offer introductions to "key local and regional stakeholders".

Soitec’s CPV technology – which uses lens-enhanced triple-junction PV cells – has shown around twice the performance of conventional PV technologies for high-volume power generation in regions like the Middle East that have "high direct normal irradiation". 

The KJC-Soitec MOU comes in time with Saudi Arabia's mounting push into renewable energy production, as outlined by the white paper published by the King Abdullah City for Atomic and Renewable Energy, which highlighted the potential for solar, wind, geothermal and Log in to read complete article.

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