Soitec, a world leader in generating and manufacturing revolutionary semiconductor materials for the electronics and energy industries, and Schneider Electric, the global specialist in energy management, today announced that they have signed a memorandum of understanding with Masen (Moroccan Agency for Solar Energy), lead player in the Moroccan Solar Plan, on an integrated partnership on ConcentrixTM technology in Morocco.
Completion of the project will create a CPV segment serving domestic needs and generating exports of electricity and power plants, thereby contributing to a strategy of controlled energy costs over the long term for Morocco and to the achievement of a plan to build a manufacturing facility in the country. The Franco-Moroccan initiative marks the first utility-scale project under the Mediterranean Solar Plan in one of the 43 member countries of the Union for the Mediterranean (UfM), a partnership uniting Europe with countries in the Mediterranean Basin.
The memorandum of understanding between Soitec, Schneider Electric and Masen is part of the Moroccan Solar Plan. It is supported jointly by the Moroccan and French governments. It has four key components
