solar business

SOITEC SELLS OFF SOLAR BUSINESS

 

By Miriam Raftery

May 24, 2015 (Sa Diego) – Soitec launched its solar manufacturing facility in San Diego with a $25 million federal grant. The company touted its cutting edge, utility-scale solar collectors as ultra-efficient.

But now the French-based company has announced it is selling off its manufacturing facility in Rancho Bernardo and other solar assets. The buyer is ConcenSolar. The deal includes all technology assets, manufacturing operations in Freiburg, Germany and San Diego, a company press release indicates.


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