Soitec Solar to Invest $150 Million in New Manufacturing Facility
- Jun 22, 2012
French firm Soitec Solar has received a SUNPATH award in the amount of $25 million from the U.S. Department of Energy to support its new solar manufacturing facility in San Diego.
The French company acquired a 176,000-square-foot manufacturing center in December to support over 300 megawatts of advanced projects throughout San Diego and Imperial Counties. Located on 14.8 acres, close to Rancho Bernardo Road and I-15, the new factory will produce Soitec’s Concentrix concentrator photovoltaic (CPV) modules. Soitec will invest over $150 million in the project which is expected to create 450 on-site jobs and more than 1,000 indirect jobs at full capacity. Soitec’s project will result in the world’s largest CPV manufacturing facility. Construction has already started and the first phase is expected to be completed by the fourth quarter of 2012.
The new high volume CPV module production facility will permit Soitec to deliver renewable energy and economic development through the expansion of its solar power plant customers across Southern California and the American Southwest. Ultimately Soitec aims to support export opportunities around the Pacific Rim.
The SUNPATH award funds will be available upon completion of contract negotiations between Soitec and the U.S. Department of Energy.
Clark Crawford, Soitec vice president of sales and business development USA said, “We are honored by this new partnership with the DOE and their support for CPV deployments in the US represented by this award.”
Photo Courtesy of: www.20years-soitec.com