Alternative Profits Blog
Siemens Acquires Solel, Expands Solar Thermal Portfolio
Siemens has acquired Israel-based Solel Solar Systems for US$418 million, to strengthen its position in the concentrating solar thermal power (CSP) market. It now owns 100% of Solel.Solel is one of the world’s two leading suppliers of solar receivers and has been present on the Spanish market since 2006, and is also active in the US market. It produces solar troughs and is involved in the manufacture and installation of solar fields for large scale solar energy production. The company was set up in 1992 by former employees of Luz International, which produced the first solar trough technology in 1984.
Siemens is currently projecting annual double-digit growth rates for concentrating solar thermal power (CSP) plants by 2020.
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posted by Ecacofonix at
10:17 AM
Saturday, October 17, 2009
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