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Soitec's CPV system
KHALED Juffali Company (KJC), a Saudi investment company, and Soitec, a world leader in semiconductor materials for the electronics and energy industries, have signed a memorandum of understanding (MoU) to jointly promote the growth of the solar industry in Saudi Arabia and the Middle East.
Under the agreement, the two companies will create a joint venture to market and sell concentrator photovoltaic (CPV) systems in Saudi Arabia, maximising the local content. Soitec will provide the technical and commercial solar expertise, while KJC will facilitate access to key local and regional stakeholders and share its long track record in managing international joint ventures.
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