 In January 2015, Soitec announced its intention to exit from the CPV business, citing a lack of sales due to competition from lower-cost conventional photovoltaics.An agreed sale of the business to Chinese firm ConcenSolar (an entity having ties with Suncore Photovoltaics) in May 2015 was not completed.In January 2017, the technology and manufacturing assets were acquired by Saint-Augustin Canada Electric (a former General Electric subsidiary).