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Business | June 20, 2012

Soitec Solar gets USD 25 Million from DOE

Soitec's US Solar Energy subsidiaries will receive a SUNPATH award of USD 25 million to support its new North American solar manufacturing facility in San Diego (California) from the U.S. Department of Energy (DOE).
Last December, Soitec acquired a 176,000-square-foot manufacturing center on 14.8 acres of land located in San Diego to support over 300 megawatts (MW) of well advanced projects throughout San Diego and Imperial Counties.

The new factory will enable a manufacturing capacity of 200 MW (275 MWp) of Soitec's fifth generation of Concentrix concentrator photovoltaic (CPV) modules. This major project represents an investment of more than USD 150 million and is expected to create 450 on-site jobs and more than 1'000 indirect jobs at full capacity.

Construction is currently underway, and the first phase is scheduled to be operational by the fourth quarter of 2012.

"This SUNPATH award will accelerate the production and output of Soitec's first large-scale CPV module manufacturing facility in San Diego," said Clark Crawford vice president of Sales and Business Development USA. "We are honored by this new partnership with the DOE and their support for CPV deployments in the US represented by this award."
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