Solar cell. Author: Michael Dorausch michaeldorausch.com License: Creative Commons
Nov 19, 2014 - French silicon-on-insulator wafers maker Soitec (EPA:SOI) saw the operating loss of its solar energy segment shrink to EUR 61.9 million (USD 78m) in the six months through September from EUR 101.1 million a year earlier.
In a press release on Tuesday, the company said that the segment's current operating loss has expanded to EUR 53.5 million from EUR 50.6 million as it booked a non-current impairment charge of EUR 14.4 million.
Revenues in the solar division jumped to EUR 35.2 million from EUR 700,000 a year earlier thanks to the contribution of Soitec’s 44-MWp Touwsrivier concentrated photovoltaic (CPV) park in South Africa.
During the period, Soitec continued with the development and commercialisation of a next generation high efficiency solar cell and expects to soon achieve a new conversion efficiency record with its four-junction technology. This summer, Germany’s Fraunhofer Institute for Solar Energy Systems ISE said it had achieved conversion efficiency of 36.7% with Soitec’s four-junction CPV modules.
The French firm closed the first six months of fiscal 2014/15 with a net loss of EUR 82.9 million, narrowing from EUR 160 million a year before. Revenues improved to EUR 106 million from EUR 91 million.
Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.