Power Electronics ♦ news digest Soitec commences
construction of solar power plant in Portugal
The facility will accommodate eight two Soitec Concentrix systems which employ III-V based technology
Soitec has announced that a group of investors - including a large European energy supplier, the largest Portuguese installer of electrical grid infrastructure - has completed financing and started construction of a 1.3- MWp concentrator photovoltaic (CPV) power plant in Portugal.
The facility will use Soitec’s III-V based Concentrix technology.
Beriot continues,“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.”
The new CPV plant is being built in Alcoutim, in Southern Portugal, one of the sunniest regions in Europe. As one of 11 projects that the Portuguese government has authorized to spearhead the development of CPV in the country, it will serve to demonstrate the suitability of CPV technology.
Electricity will be produced by eighty two Soitec systems, which use Soitec’s Concentrix CPV dual-axis tracking technology. Soitec’s CPV modules are more than twice as efficient as conventional photovoltaic modules.
CPV technology’s ability to operate without cooling water and withstand hot ambient temperatures while having minimal environmental impact make it perfectly suited for use in locations such as Portugal.
Power Electronics Soitec Concentrix CPV solar module
This CPV solar plant is the first to be funded by the partnership, demonstrating the various stakeholders’ strong confidence in CPV technology and its ability to fulfil Portugal’s plans for generating cost-efficient renewable energy.
Financial stakeholders in the project include Enovos, Luxembourg’s main energy supplier operating also in Germany, France and Belgium, and the Calouste Gulbenkian Foundation, a Portuguese private institution of public utility whose statutory aims are in the fields of arts, charity, education and science.
The CPV plant’s installation is being managed by EIP (Electricidade Industrial Portuguesa) while Luz-On is the project developer and Soitec is supplying the CPV equipment - all being also shareholders of the project company.
“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,” says José Beriot, vice president of Solar Projects Development with Soitec’s Solar Energy division.
IQE provides trading update
Revenues for 2013 is expected to be at least £126 million, an increase of over 43 percent compared with 2012
IQE has provided a trading update for the year ended 31st December 2013.
Trading in H2 2013 is expected to show sequential growth, despite weak guidance for Q4 2013 and Q1 2014 from a number of IQE’s wireless customers, and a significantly strengthening sterling/dollar exchange rate.
As a result, revenue for full year 2013 is expected to be at least £126 million (2012: £88 million), representing a new record and an increase of over 43 percent compared with the prior year.
Strong sales growth and improved operational efficiencies are expected to deliver a record EBITDA of at least £24.5 million (2012: £16.4 million).
Adjusted fully diluted EPS is therefore expected to be approximately 2p (2012: 1.51p), an increase of over 32 percent compared with 2012.
January / February 2014
www.compoundsemiconductor.net 137
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132 |
Page 133 |
Page 134 |
Page 135 |
Page 136 |
Page 137 |
Page 138 |
Page 139 |
Page 140 |
Page 141 |
Page 142 |
Page 143 |
Page 144 |
Page 145 |
Page 146 |
Page 147 |
Page 148 |
Page 149 |
Page 150 |
Page 151 |
Page 152 |
Page 153 |
Page 154 |
Page 155 |
Page 156 |
Page 157 |
Page 158 |
Page 159 |
Page 160 |
Page 161 |
Page 162 |
Page 163 |
Page 164 |
Page 165 |
Page 166 |
Page 167 |
Page 168 |
Page 169