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Last updated on April 23, 2014 at 21:24 EDT

Soitec Takes Another Step Forward in its Expansion in South Africa by Signing a Power Purchase Agreement Covering its Soon-To-be-built 44 MWp Touwsrivier Power Plant

November 5, 2012

BERNIN, France, November 5, 2012 /PRNewswire/ –

Soitec (Euronext), a world leader in generating and manufacturing revolutionary
semiconductor materials for the electronics and energy industries, has announced the
signature today of a power purchase agreement covering the electricity generated at the
Touwsrivier power plant it is to build in South Africa. This signature represents a
decisive step for the project submitted by Soitec in connection with the first call for
projects from independent power producers (IPPs) launched by the South African Ministry of
Energy for which Touwsrivier was pre-selected in December 2011. Following the signature of
the power purchase agreement, Soitec will now seek to refinance the project and launch the
construction of the power plant.

Based in the Western Cape, close to the Aquila Private Game Reserve (in which Soitec
has already built a pilot facility), the Touwsrivier power plant will ultimately have 44
MWp in capacity. Construction is scheduled to be completed during 2014, but commercial
operation of the first installed systems will begin in mid-2013. Commenting on the
agreement, Gaetan Borgers, Executive Vice President of Soitec’s Solar energy division,
said: “Approval of the power purchase agreement by the South African Ministry of Energy
and its signature by national electricity supplier Eskom represent a major step forward in
the expansion of our business in South Africa and generally worldwide.It reflects the
suitability of our concentrating photovoltaic technology for very sunny regions. Thanks to
our first-class ability to innovate and our industrial expertise, our modules boast a
yield of close to 30% and a very long service life.”

According to the Integrated Resource Plan (IRP2010) launched by the South African
Department of Energy, about 42 percent of the electricity generated in the country will
come from renewable resources in 2030. The IPP program calls for 3,725 MW in renewable
energy capacity to be built, including 1,450 MW in photovoltaic power. 18 solar
photovoltaic projects (out of 28 renewable projects) were selected after the IPP first bid
submission.

Summing up, Andre-Jacques Auberton-Herve, Chairman and Chief Executive Officer of
Soitec, said: “We are very pleased and honored that our Touwsrivier project is one of the
first to have been selected by the South African Department of Energy. Our concentrating
photovoltaic technology can be used to harness an immediately available, renewable and
carbon-free energy source. The fact we are able to take aspects of local content into
account is another key point of our approach. The South African government is pursuing an
ambitious energy policy and should be commended for doing so. I am delighted that we can
help it to achieve its targets.”

About Soitec

Soitec is an international manufacturing company, a world leader in generating and
manufacturing revolutionary semiconductor materials at the frontier of the most exciting
energy and electronic challenges. Soitec’s products include substrates for
microelectronics (most notably SOI: Silicon-on-Insulator) and concentrator photovoltaic
systems (CPV). The company’s core technologies are Smart Cut(TM), Smart Stacking(TM) and
Concentrix(TM), as well as expertise in epitaxy. Applications include consumer and mobile
electronics, microelectronics-driven IT, telecommunications, automotive electronics,
lighting products and large-scale solar power plants. Soitec has manufacturing plants and
R&D centers in France, Singapore, Germany and the United States. For more information,
visit: http://www.soitec.com.

        International Media Contacts

        Business press:
        Marylen Schmidt
        +33(0)4-76-92-87-83
        marylen.schmidt@soitec.com

        Trade press:
        Camille Darnaud-Dufour
        +33(0)6-79-49-51-43
        camille.darnaud-dufour@soitec.com

        Investor Relations

        Olivier Brice
        +33(0)4-76-92-93-80
        olivier.brice@soitec.com
        French Media Contact

        Marie-Caroline Saro
        H&B Communication
        +33(0)1-58-18-32-44
        mc.saro@habcommunication.fr

SOURCE Soitec


Source: PR Newswire