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Apr 23rd, 2013
 
Soitec to boost HCPV deployment in Saudi Arabia
 
Khaled Juffali Company (KJC) – a Saudi Arabian investment company, and Soitec – a world leader in semiconductor materials for the electronics and energy industries with headquarters in France, have recently signed a memorandum of understanding (MOU) to cooperate in driving solar industry growth in Saudi Arabia and the Middle East.
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  • Khaled Juffali Company (KJC) – a Saudi Arabian investment company and Soitec have recently signed a memorandum of understanding (MOU)
  • The companies plan to cooperate in driving solar industry growth in Saudi Arabia and the Middle East

Under the MOU, the two companies will create a joint venture to market and sell concentrator photovoltaic (CPV) systems in the Kingdom of Saudi Arabia, maximizing the local content. Soitec will provide the technical and commercial solar expertise, while KJC will facilitate access to key local and regional stakeholders and share its long track record in managing international joint ventures.

Soitec’s CPV technology, which uses triple-junction cells mounted on a glass plate, achieves at least twice the performance of conventional photovoltaic technologies, making it the most cost-efficient solution for high-volume power generation in regions with high direct normal irradiation (DNI).

The KJC-Soitec MOU is in line with the ongoing thrust of Saudi Arabia to explore and tap into renewable energy sources, as shown by the white paper recently published by the King Abdullah City for Atomic and Renewable Energy (K.A.CARE) which outlines the competitive procurement process for solar, wind, geothermal and waste to energy projects in Saudi Arabia.

 

 
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