CPV Intelligence Brief 28 March – 10 April 2012

SolFocus developing cross-border CPV plant Companies mentioned: SolFocus, Grupo Musa, Semprius, Siemens Venture Capital, ARCH Venture Partners and Intersouth Partners

CPV Intelligence Brief 28 March – 10 April 2012

 
SolFocus developing cross-border CPV plant 
 
SolFocus has joined with Mexican land and real estate developer Grupo Musa and U.S.-based energy developer Synergy Technologies, to build a CPV solar plant in Baja California near Tecate, Mexico. 
 
The project, planned as a 450 megawatt total capacity, will be built in 50 megawatt tranches, with construction on the first tranche starting in late 2012 and being operational before the end of 2013. 
 
The power plant, which will use SolFocus Concentrator Photovoltaic (CPV) equipment, will be owned and operated by SolMex Energy S.A. de C.V ., the new company formed by Grupo Musa and Synergy Technologies for the production of clean solar energy in Mexico.
 
Semprius closes $7.5m funding round
 
HCPV module designer Semprius has raised $7.5m in funding from existing including Siemens Venture Capital, ARCH Venture Partners and Intersouth Partners.
 
The money was raised to accelerate construction and ramp-up of Semprius’ pilot production facility to produce high-efficiency, low-cost solar modules.
 
In January, Semprius’ HCPV modules set a new world record with an efficiency level of 33.9%.