Soitec Announces Financing, Construction of 1.3-MWp Concentrator Solar Power Plant in Portugal

Soitec SLOIY today announced that a group of investors - including a large European energy supplier, the largest Portuguese installer of electrical grid infrastructure and the largest Portuguese Foundation - has completed financing and started construction of a 1.3-MWp concentrator photovoltaic (CPV) power plant in Portugal. This CPV solar plant is the first to be funded by the partnership, demonstrating the various stakeholders' strong confidence in CPV technology and its ability to fulfill Portugal's plans for generating cost-efficient renewable energy. Financial stakeholders in the project include Enovos, Luxembourg's main energy supplier operating also in Germany, France and Belgium, and the Calouste Gulbenkian Foundation, a Portuguese private institution of public utility whose statutory aims are in the fields of arts, charity, education and science. The CPV plant's installation is being managed by EIP (Electricidade Industrial Portuguesa) while Luz-On is the project developer and Soitec is supplying the CPV equipment - all being also shareholders of the project company. "We are delighted to have the opportunity to work with Enovos, the Calouste Gulbenkian Foundation, EIP and our partners Luz.On See full press release