Saint-Augustin Canada Electric Inc.(STACE) acquires Soitec solar CPV technology
This acquisition fits into STACE’s strategy to increase its presence in the renewable industry and complete its offering in the solar energy market.
Soitec CPV technology known as Concentrix™ is the most reliable and advanced technology in the CPV market. With this acquisition, STACE becomes the technological leader of the CPV industry.
To continue to improve its best-of-the-class technology, STACE is proud to say it will maintain the collaboration with the recognized Fraunhofer Institute for Solar Energy Systems ISE, based in Freiburg, Germany.
STACE plans to have completed the installation of its manufacturing line, in Canada, by May 2017. The initial manufacturing capacity of 20 MW per year will ramp up to 70 MW by June 2018 or earlier depending of the order book.
According to Normand Lord, STACE’s President & CEO: “the company strongly believes in the reliability and high-efficiency of this technology and is confident that the demand for solar energy will drastically increase in the upcoming years, opening brand new markets and opportunities”.