Soitec funded for 50MW solar power plant in South Africa
13 February 2012
Electronics Weekly.com | February 13, 2012
Soitec has secured financing from one of the largest investment banks in Africa to build the company’s planned 50-megawatt peak solar power plant in Touwsrivier, Western Cape, South Africa.
In December, Soitec was selected by South Africa’s Department of Energy as one of the preferred bidders under the country’s independent power producer (IPP) programme.
According to South Africa’s Department of Energy, the country’s goal is that 42% of all newly installed capacity in the next 20 years will be based on renewable-energy sources.