Madrid, July 25, 2012.- Global solar technology leader ISOFOTON will be developing an ambitious rural electrification project in the Republic of Senegal that will entail an investment of Euro 16 million, with the financing of the European Union. The Senegalese Rural Electrification Agency (ASER) has awarded the electrification project for the regions of Kaolak and Fatick (800 KW) and Kolda (1.5 MW) to the global company. ISOFOTON is a global leader in the development of rural electrification solutions and currently has projects in 60 countries.
The Senegal project, which is to begin next year, entails an investment of Euro 16 Million backed by co-financing from the European Union. The initiative seeks to expand the existing energy supply in the area through the expansion of the conventional grid and decentralized systems based on solar photovoltaic systems and diesel gensets for domestic systems and schools, health centers, community centers as well as production centers in the area. The objective will be the creation of 10,000 800 KW systems in the regions of Kaolak and Fatick and 20,000 1.5 MW systems in the Kolda region over a period of three years.
ISOFOTON’s President Angel Luis Serrano remarked: “This is a great opportunity to demonstrate our experience as pioneers in rural electrification solutions, while maintaining our photovoltaic business internationalization objectives”. “ISOFOTON has projects in 60 countries, which allows us to gain broad knowledge of international markets and experience in project management involving local authorities and public administrations”.
ISOFOTON, a global leader in rural electrification solutions already has solid experience in the region (having been present in Senegal since 1997) and has developed 19 projects in African countries including Egypt, South Africa or Morocco. In this sense, some outstanding projects include the development of systems for 300 schools in Rwanda, 11 hybrid plants in addition to 10,000 photovoltaic systems already installed in Senegal and the supply, installation and management of 163 pump systems in Burkina Faso.
ISOFOTON plans to increase its international presence and production capacity up to 1,500 MW over the next 2 years. In November 2012 the company will inaugurate a new module production facility in Ohio (USA) with a 100 MW capacity, in addition to building two new plants, one in Latin America and one in Asia.
The main lines of action surrounding ISOFOTON’s global development plans are founded on constant innovation and a strong bet on R&D, the setup of production centers in new photovoltaic markets and internationalization coupled with strategic alliances with prestigious companies including Samsung, Posco Plan Engineering, CGL/Poly, CNOOC/Lishen or Mercedes AMG Petronas. ISOFOTON recently announced a Euro 50 Million investment from Samsung for its Malaga facility (Spain) aimed at expanding the production capacity and improving technological efficiency.