Global energy developer Areva acquires US solar company Ausra

9 February 2010

Global energy company Areva has acquired US-based large-scale concentrated solar power provider Ausra.

Combining Ausra’s technology and Areva’s engineering, procurement and construction skills, Areva said the group is committed to building concentrated solar power plants for utilities, independent power producers and industrial customers globally.

Anil Srivastava, the group’s renewable energies senior executive vice president, said, ‘By acquiring Ausra, Areva has taken a major step forward to achieve its strategic ambition in renewables.’

Areva said it will leverage and reinforce Ausra’s team to strengthen its global solar business unit, led by Dr Robert E Fishman, which will operate out of Ausra’s existing Mountain View, California headquarters. The company said the acquisition is expected to close in the next few months.

Ausra’s chairman and CEO, Dr Robert E Fishman, said, ‘Today 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.’

Last month, Areva was awarded three bioenergy contracts totalling €260m in Brazil and Thailand. In 2008, the company partnered with Norwegian renewable energy company Sway to test floating offshore wind production.

Copyright © 2010 NewNet

Tags: solar

This story was published on Tuesday, February 9th, 2010 at 11:05 am and is filed under Europe, deals, solar. You can follow any responses to article entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply