French Soitec buys plant in California to turn into 200-MW CPV module factory
Dec 16, 2011 - French silicon-on-insulator wafers maker Soitec (EPA:SOI) said Friday it had acquired a factory in California, which it is to turn into a concentrator photovoltaic (CPV) module producing site with an annual capacity of 200 MW.
In the future, Soitec intends to double the capacity to 400 MW, it added.
The company bought the facility, in San Diego city limits, from US Sony Electronics Inc, part of Japanese electronics major Sony Corp (TYO:6758). Soitec plans to invest more than USD 150 million (EUR 115m) in the factory's upgrade, which is to commence early next year. The plant is expected to reach a production capacity of 100 MW in the fourth quarter of 2012.
Soitec's recently announced joint venture with US microstructured optical components supplier Reflexite Energy Solutions Inc will also operate in the new facility. The entity -- Reflexite Soitec Optical Technology LLC -- is to develop and produce silicon-on-glass (SOG) Fresnel lens plates, which are used in Soitec's CPV modules.