SolFocus, Vision Electro to build solar power plant in Saudi Arabia

Bahra, Saudi Arabia, October 25, 2010 – SolFocus, a developer of Concentrator Photovoltaic solar systems, announced that Vision Electro Mechanical Co., a unit of Construction Products Holding Co., will build the first commercial solar power plant in Saudi Arabia using CPV systems.

These SolFocus CPV systems combine high-efficiency solar cells with advanced optics to provide scalable, reliable solutions capable of delivering low-cost renewable power.

The project, located in the Bahra region, will deliver around 300 MWh of clean energy per year and is the first in a series of Saudi power stations planned by Vision.

“The high sun conditions of the Middle East provide an ideal environment for reaping large-scale, low-cost solar energy from CPV systems,” said Mark Crowley, chief executive officer, SolFocus. “Together with our partners at Vision, SolFocus will bring the world’s most efficient and resource-friendly solar technology to Saudi Arabia, providing energy diversification for the country.”

Vision will market and install the SolFocus solar power systems, starting with this plant in CPC’s Bahra industrial complex. Vision will install other solar power stations in Saudi Arabia, as well as in the research centers of King Abdullah University of Science and Technology.

The SolFocus mission is to enable solar energy generation at a Levelized Cost of Energy (LCOE) competitive with traditional fossil fuel sources. To achieve this goal, SolFocus has developed leading concentrator photovoltaic technology which combines high-efficiency solar cells (approaching 40 percent) and advanced optics to provide solar energy solutions which are scalable, dependable and capable of delivering on the promise of clean, low-cost, renewable energy.

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