(Reuters) - French silicon company Soitec SA said it will invest more than $150 million in a manufacturing facility in California to produce concentrator photovoltaic modules (CPV) for the U.S. renewable-energy market.
The French company said the facility will have a manufacturing capacity of 200 megawatts (MW) of CPV modules. The company's CPV technology involves converting sunlight into electricity via concentrator optics and solar cells.
Soitec said it acquired the site in Rancho Bernardo, California from Sony Electronics Inc.
