By Stuart Radnedge2014-12-12T11:39:00+00:00
EMCORE Corporation, a leading provider of compound semiconductor-based components and subsystems for the fibre optics market, today announced that it completed the previously announced sale of its Space Photovoltaics Business to SolAero Technologies Corp.
SolAero is an affiliate of private equity firm Veritas Capital. In connection with the closing of the transaction, EMCORE received $150m in cash consideration, subject to a post-closing working capital adjustment.
High-concentrating photovoltaics will register a 31% compound annual growth rate to reach an installed capacity of 697mw – says Lux Research.
Energy storage provider Highview Power has appointed Salvatore Minopoli as Vice-President of Highview Power USA, to focus on driving the development of projects in the eastern US market.
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