Soitec announces Concentrix Solar joining the Transgreen Initiative

“Transgreen is a perfect vector to support our activities in the Mediterranean area. We are looking forward to working with this ecosystem of companies and the countries of the Mediterranean region to demonstrate the value of CPV,” said Concentrix Solar CEO, Hansjörg Lerchenmüller. “We have an opportunity to make a significant contribution to the region's energy needs for renewable energy sources and to export energy to European countries.”

With 25 percent AC system efficiency, Concentrix Solar’s CPV systems provide the highest efficiency of all solar technologies available. Especially at locations with extremely hot ambient temperatures, CPV systems perform better than conventional solar systems and therefore guarantee a high and constant power production throughout the day. Because they do not need cooling water, Concentrix Solar’s systems are perfectly suited for power plant installations in arid areas like in the Mediterranean region. Due to the technology’s high scalability, it is possible to commission CPV power plants in different phases. This means a shorter time to operation. After connecting the first units to the grid, the systems start to produce energy while the installation of the power plant is still in progress.