AREVA announced today that it has agreed to acquire U.S. solar company Ausra. Ausra is a California-based provider of large-scale concentrated solar power solutions for electricity generation and industrial steam production.
Utilizing Ausra’s management team and proven technology, this acquisition launches AREVA’s new solar energy business on a global scale.
Liddell Solar/Coal-Fired Power
By combining Ausra’s proven technology with AREVA’s years of project experience and world class Engineering, Procurement, and Construction skills, AREVA commits to building the most cost-effective concentrated solar power for energy customers around the world.
This acquisition reflects AREVA’s strategic objective to be the world leader in concentrated solar power. It also adds another important sustainable energy source to AREVA’s portfolio of renewable energy solutions, which already includes offshore wind and biomass.
AREVA has constructed more than 100 biomass facilities constructed around the world. Through ADAGE, a joint venture with Duke Energy, AREVA is using this expertise to build biopower (biomass to electricity) plants in the United States. Just last week ADAGE announced its third proposed facility in Washington State. AREVA’s activities in wind power are concentrated in large-scale offshore technology. Mulitbrid, the AREVA subsidiary, has built six 5 MW offshore wind turbines that are already operating in the German North Sea as part of the Alpha Ventus project.
Anil Srivastava, head of AREVA’s Renewables Business Group, summarized the importance of this saying, “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 concentrated solar power market thanks to a reliable, cost-effective product.”
View the complete press release here.
Also, find out more information on AREVA’s renewable energies and ADAGE.
Tweet TAGS: ADAGE, Ausra, Solar Power
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