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Nov 6th, 2012
Soitec takes another step forward in its HCPV expansion in South Africa
Soitec (Euronext), a world leader in generating and manufacturing revolutionary semiconductor materials for the electronics and energy industries, has announced the signature of a power purchase agreement covering the electricity generated at the Touwsrivier power plant it is to build in South Africa.
This signature represents a decisive step for the project submitted by Soitec in connection with the first call for projects from independent power producers (IPPs) launched by the South African Ministry of Energy for which Touwsrivier was pre-selected in December 2011. ! Following the signature of the power purchase agreement, Soitec will now seek to refinance the project and launch the construction of the power plant.
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