[1] In January 2015, Soitec announced its intention to exit from the CPV business, citing a lack of sales due to competition from lower-cost conventional photovoltaics.
[2][3] An agreed sale of the business to Chinese firm ConcenSolar (an entity having ties with Suncore Photovoltaics) in May 2015 was not completed.
[10] Concentrix concentrator photovoltaics (CPV) modules bundle sunlight up to 500 times with the use of Fresnel lenses and focus it on III-V based triple-junction solar cells (GaInP/GaInAs/Ge),[11] which then convert the light into electrical energy.
[12] To ensure that the sunlight is concentrated precisely on the solar cell the CPV modules are installed on a two-axis sun tracking system.
[15] The largest installation is the 44 MWp (36 MWAC) CPV1 generator completed in 2014 and located near Touws River, South Africa.