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SOITEC : Alstom and Soitec sign an agreement to create a French alliance for concentrating photovoltaic power plants

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Copyright © Thomson Reuters 2013. All rights reserved.
2013-07-23 07:32:01 -

23 July 2013

      Alstom and Soitec sign an agreement to create a French alliance for
                    concentrating photovoltaic power plants

Alstom  and Soitec, a world leader in generating and manufacturing semiconductor
materials of extreme performance for the electronics and energy industries, have
signed  a cooperative agreement  in order to  provide concentrating photovoltaic
power plants.

This  agreement  follows  the  call  for  tender  issued  by  the  French Energy
Regulation  Commission[1],  last  March  13th, in  order  to exploit solar power
plants using whole or in-part concentrating photovoltaic 
technology, for a total power capacity of 100 MW. In order to propose a complete and competitive offer, Alstom and Soitec will combine their experience in delivering turnkey power plants and in providing integrated solutions and main equipment for power generation on one hand, and concentrating photovoltaic technology, on the other hand. Soitec's high efficiency solar modules are well suited to the solar power production in the South of France. Alstom and Soitec are seeking to create a sector of excellence, which will create jobs and be ready to meet the challenges of the French energy transition. These future power plants will also showcase and promote concentrating solar photovoltaic power plants internationally. "This cooperation with Soitec demonstrates Alstom's wish to develop its offer and technologies for renewable energies. With Solar CSP (Concentrated solar Power or solar thermal) we are able to deliver equipment for large capacity units. Thanks to our cooperation with Soitec in concentrating photovoltaic, we will propose a perfectly complementary offer for high efficiency power plants with flexible capacity and rapid deployment", said Jerome Pécresse, President of Alstom Renewable Power. "This cooperation with Alstom confirms that our concentrating photovoltaic technology is essential to answer to the growing demand in France and globally, for a clean, reliable and competitive energy", said André-Jacques Auberton- Hervé, Soitec CEO. According to the International Energy Agency (IEA), solar energy, including both Concentrated Solar Power (CSP) and Photovoltaics could account for 25% of global electricity by 2050 and cover a third of global energy demand after 2060. About Alstom Alstom is a global leader in the world of power generation, power transmission and rail infrastructure and sets the benchmark for innovative and environmentally friendly technologies. Alstom builds the fastest train and the highest capacity automated metro in the world, provides turnkey integrated power plant solutions and associated services for a wide variety of energy sources, including hydro, nuclear, gas, coal and wind, and it offers a wide range of solutions for power transmission, with a focus on smart grids. The Group employs 93,000 people in around 100 countries. It had sales of over €20 billion and booked close to €24 billion in orders in 2012/13. 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 concentrator 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 large-scale solar power plants. Soitec has manufacturing plants and R&D centers in France, Singapore, Germany and the United States. For more information, visit: Press contacts Alstom Coporate : Virginie Hourdin / Isabelle Tourancheau - Tel +33 1 41 49 21 36 / 39 95 ; Stephanie Roux / Jerome Bridon (Alstom Renewable Power) - Tel +33 1 41 49 78 62 /38 78 , Soitec (trade press): Camille Darnaud-Dufour - Tel: +33 (0)6 79 49 51 43; Soitec (business press) : Marylen Schmidt - Tel: +33 (0) 4 76 92 87 83; Investor relations Alstom : Delphine Brault - Tel +33 1 41 49 37 38 / 26 42 Soitec : Olivier Brice (Soitec) - Tel : +33 (0)4 76 92 93 80 ; -------------------------------------------------------------------------------- [1] CRE (Commission de Régulation de l'Energie) is an independent administrative authority in charge to regulate the energy sector in France. Its call for tenders to build and operate power plants harnessing solar energy with individual capacity of over 250 kWp was published in the Official Journal of the European Union on March 9th, 2013 PR_Alstom_Soitec_FINAL: This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: SOITEC via Thomson Reuters ONE [HUG#1717948]

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