According to the Chief Executive of the company Gary D. Conley “This funding provides us the means to form and operate a separate, fully-operational entity which can better serve the European market’s demand for concentrated photovoltaic (CPV) energy systems as well as trackers for CPV and conventional flat plate solar panels. SolFocus will also gain considerable solar DNA from the large and experienced solar labor pool in Europe."
SolFocus Europe, with its headquarters in Madrid, will supply the European market with CPV, tracker systems and thermal products. Its functions will include business development, marketing, engineering, R&D and field work such as the program of the Institute of Concentration Photovoltaic Systems (ISFOC).
The ISFOC project will be located in Castilla La Mancha and will comprise a three-megawatt CPV technology plant. SolFocus will also continue collaborative work with the Polytechnic University of Madrid and its Institute of Solar Energy (IES) in meeting technology challenges to further the proliferation of solar energy worldwide. SolFocus also recently acquired Inspira, S.L., a Madrid-based provider of solar trackers for CPV.
"Aggressive incentives in Europe have resulted in the rapid rise of Spain as a global solar technology hub, making it the ideal center for SolFocus Europe's headquarters” added Conley.
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