Soitec of Bernin, France, announced that a group of investors has completed financing and started construction of a 1.3-MWp concentrator photovoltaic (CPV) power plant in Portugal. The investors include a large European energy supplier, the largest Portuguese installer of electrical grid infrastructure and the largest Portuguese Foundation. The CPV solar plant is the first to be funded by the partnership.
Financial stakeholders in the project include Enovos, Luxembourg’s main energy supplier and the Calouste Gulbenkian Foundation, a Portuguese private institution of public utility. The CPV plant’s installation is being managed by EIP (Electricidade Industrial Portuguesa) while Luz-On is the project developer. Soitec is supplying the CPV equipment for the project.. The new CPV plant is being built in Alcoutim, in Southern Portugal, one of the sunniest regions in Europe. The CPV project is one of 11 that the Portuguese government has authorized to spearhead the development of CPV in the country. The plant will use 82 Soitec systems that leverage the company’s Concentrix™ CPV dual-axis tracking technology.
“We are delighted to have the opportunity to work with Enovos, the Calouste Gulbenkian Foundation, EIP and our partners Luz.On in completing the financing and beginning work on this solar plant,” said José Beriot, vice president of Solar Projects Development with Soitec’s Solar Energy division. “As Portugal begins to implement CPV solar power to achieve its green energy goals and prepare green energy exports, we look forward to working with the team on this first installation and other projects in the future.”