Nuclear energy company AREVA has acquired US-based Ausra, a provider of concentrated solar power solutions. This acquisition launches AREVA’s new global solar energy business and will further strengthen and diversify its renewables portfolio. This acquisition is expected to close in the next few months, subject to customary regulatory approval.
Combining Ausra’s proven technology and AREVA’s engineering, procurement and construction skills, the group is committed to building the cost-effective CSP plants for utilities, independent power producers and industrial customers around the world.
According to AREVA, the market for concentrated solar power plants is expected to grow substantially in the next decade with an average annual growth rate of 20 percent and should reach an estimated installed capacity of over 20 GW by 2020.
AREVA will leverage and reinforce Ausra’s team to strengthen its global solar business unit, led by Robert Fishman. It will be operated out of Ausra’s existing Mountain View, California headquarters.
Robert Fishman, chairman and CEO of Ausra, 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.”
Can AREVA capture a better position in growing market with this acquisition?
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