SOITEC : SOITEC ANNOUNCES FULL COMMISSIONING OF 22MWP ON TOUWSRIVIER SOLAR PLANT IN SOUTH AFRICA
Soitec announces full commissioning of 22MW(p)
on Touwsrivier solar plant in South Africa
Bernin, France, 25(th) March 2014 - Soitec (Euronext Paris), a world leader in
generating and manufacturing revolutionary semiconductor materials for energy
and electronics, today announced that its Touwsrivier solar power plant has
successfully fulfilled milestones set for commissioning 50% of the total
capacity. This event confirms that the power plant performs in accordance with
contractual specifications and validates the power purchase agreements applied
to the 44MWp solar plant.
As anticipated this milestone will trigger the refinancing of the project
through the availability of the proceeds of the bond issued on the Johannesburg
stock exchange in April last year.
Thanks to its local partners and suppliers, Soitec is confident to complete this
largest solar power plant of 44 MWp capacity in South Africa in the coming
months. Currently more than 60% of the power plant has been installed.
The achieved performance testing milestone demonstrates that Soitec's CPV
technology is best suited for large utility scale power plants in high
irradiance areas which is one of the largest market for solar renewable and
confirms the bankability of Soitec's product for its announced pipeline of large
scale solar projects going forward.
Agenda
Full Year sales for the financial year 2013-2014 will be published on 22 April
2014 before the opening  of the Paris Stock Exchange.
About Soitec:
Soitec is an international manufacturing company, a world leader in generating
and manufacturing revolutionary semiconductor materials at the frontier of the
most exciting energy and electronic challenges. Soitec's products include
substrates for microelectronics (most notably SOI : Silicon-on-Insulator) and
concentrating photovoltaic systems (CPV). The company's core technologies are
Smart Cut(TM), Smart Stacking(TM) and Concentrix(TM), as well as expertise in
epitaxy. Applications include consumer and mobile electronics, microelectronics-
driven IT, telecommunications, automotive electronics, lighting products and
solar power plants for large-scale utilities. Soitec has manufacturing plants
and R&D centers in France, Singapore, Germany, and the United States.
For more information, visit: www.soitec.com.
For all information, please contact:
Investor Relations International Media
Olivier Brice (Business press)
(Trade press)
+33 (0)4 76Â 92Â 93Â 80 Marylen Schmidt
Camille Dufour
olivier.brice@soitec.com + 33 (0)6 21 13 66 72 +33Â (0)6Â 79Â 49Â 51Â 43
camille.dufour@soitec.com
marylen.schmidt@soitec.com
Soitec press release in PDF:
http://hugin.info/143589/R/1771410/603115.pdf
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Source: SOITEC via GlobeNewswire
[HUG#1771410]