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Soitec dropped from 150MW PV power plant project in California

  • Tenaska Solar Ventures
    Tenaska Solar Ventures has opted to use only conventional PV modules at its planned 150MW PV power plant in Imperial Valley, California cancelling plans to use Soitec’s CPV technology for part of the original project. Image: Soitec.

Tenaska Solar Ventures has opted to use only conventional PV modules at its planned 150MW PV power plant in Imperial Valley, California cancelling plans to use Soitec’s concentrated PV (CPV) technology for part of the original project.

Soitec said that it was disappointed at the decision but it would not affect its manufacturing operations in California as it supports Soitec’s global CPV project business.

The Tenaska Imperial Solar Energy Center West project, owned by Tenaska subsidiary, CSOLAR IV West is expected to begin construction in 2014, with commercial operation expected in 2016 and has a 25-year power purchase agreement (PPA) with San Diego Gas & Electric.

Soitec had group sales of €124.1 million (US$171.3 million) for the first nine months of 2013, with its Solar and Lighting segment generating revenue of only €1.6 million (US$2.2 million).

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