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Apr 15th, 2014
 
More conventional PV technology preferred to Soitec’s CPV in Tenaska’s solar project
 
Soitec, a world-leading supplier of advanced solutions for the electronics and energy industries, announced that CSOLAR IV West, LLC (CSOLAR), recently notified San Diego Gas & Electric (SDG&E) that it has decided not to use Soitec Solar’s concentrated photovoltaic (CPV) technology for its power purchase agreement (PPA) to produce 150 megawatts (MW) of clean energy for its CSOLAR IV West solar plant.
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Instead CSOLAR, a wholly owned subsidiary of Tenaska Solar Ventures, LLC (“Tenaska”), has decided to use traditional photovoltaic (PV) technology to carry out the project.

Soitec Solar is not a party to the PPA between SDG&E and Tenaska. Tenaska’s decision was made public at the April 10, 2014 California Public Utilities Commission (CPUC) meeting.

Soitec Solar is disappointed with Tenaska’s decision, which does not materially jeopardize the prospects for its North American manufacturing facility in California from which it supplies a worldwide demand for its CPV technology nor impacts Soitec PPAs with SDG&E and previously approved by the CPUC (see April 12, 2011 and May. 18, 2011 Soitec press releases) and currently under development.

 

 
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