Solar: AREVA Completes Acquisition of U.S. Solar Company Ausra
March 02, 2010
With Ausra’s proven technology, AREVA launches California-based global concentrated solar thermal energy business
March 2, 2010
AREVA announced today the completion of the 100 percent acquisition of U.S.-based Ausra, Inc., a leading provider of large-scale concentrated solar power solutions for electricity generation and industrial steam production. The Ausra acquisition, announced in early February, serves as the platform for building AREVA’s global concentrated solar power business.
AREVA is a pioneer in its strategy of serving the global solar market with a fully integrated offering, including technology leadership as well as Engineering, Pro-curement and Construction and life-cycle services.
“Power generation and industrial steam customers can count on AREVA to de-liver the most cost-effective, land-efficient and water-conservative technology, backed by its financial strength and worldwide market presence,” said Dr. Robert E. Fishman, former CEO and Chairman of Ausra. Dr. Fishman now leads AREVA’s Global Solar Business Unit from Ausra’s existing Mountain View, Calif., headquarters.