 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Paris, Texas (SPX) Feb 09, 2010 AREVA has announced the 100% acquisition of U.S.-based Ausra, a leading provider of large-scale concentrated solar power solutions for electricity generation and industrial steam production. This acquisition launches AREVA's new global solar energy business. It reflects AREVA's strategic objective to be the world leader in concentrated solar power (CSP) and will further strengthen and diversify its renewables portfolio. Combining Ausra's proven technology and AREVA's world leading Engineering, Procurement and Construction (EPC) skills, the group is committed to building the most cost-effective CSP plants for utilities, independent power producers and industrial customers around the world. The market for concentrated solar power plants is expected to grow substantially in the next decade with an average annual growth rate of 20% and should reach an estimated installed capacity of over 20 GW by 2020. With this acquisition, AREVA is poised to capture the leading position of this attractive and growing market. Anil Srivastava, Business Group Renewable Energies Senior Executive Vice President, said: "By acquiring Ausra, AREVA has taken a major step forward to achieve its strategic ambition in renewables. The Group intends to become the world leader in the CSP market thanks to a reliable, cost-effective product." Ausra's Chairman and CEO Dr. Robert E. Fishman declared: "This acquisiton is about making a strong company even stronger. With AREVA, Ausra is joining forces with one of the world's global energy leaders. Combining AREVA's financial and commercial strengths, and its energy expertise, with Ausra's proven technology and experienced management team will help position AREVA for even greater success in the renewable and carbon-free energy industry." AREVA will leverage and reinforce Ausra's team to strengthen its Global Solar business unit, led by Dr. Robert E. Fishman. It will be operated out of Ausra's existing Mountain View, Calif. headquarters. This acquisition is expected to close in the next few months, subject to customary regulatory approval.
Share This Article With Planet Earth
Related Links Ausra All About Solar Energy at SolarDaily.com
Renewable Oil CompaniesSt Paul MN (SPX) Feb 08, 2010 The entry of oil companies into the realm of renewable energy could present major obstacles for the development of a sustainable economy that is not based on carbon resources, according to a report in the International Journal of Green Economics. Jack Reardon of the Department of Management and Economics, at Hamline University, in St. Paul, Minnesota, explains that how the transition from ... read more |
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement |
del.icio.us
Digg
Reddit
YahooMyWeb
Google
Facebook