Solar: AREVA Completes Acquisition Of U.S. Solar Company Ausra

Date: 4 March 2010
Source: Ausra
With Ausra's proven technology, AREVA launches California-based global concentrated solar thermal energy business Mountain View, CA—March 2, 2010—AREVA announced today the completion of the 100% 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, Procurement and Construction and life-cycle services.
"Power generation and industrial steam customers can count on AREVA to deliver 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.
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As the leading U.S. nuclear vendor and a key player in the electricity transmission and distribution sector, AREVA Inc.'s 6,000 U.S. energy employees are committed to serving the nation and paving the way for the future of the electricity market. With 45 locations across the nation and nearly $2 billion in energy revenues in 2008, AREVA Inc., through its subsidiaries, combines U.S. leadership, access to worldwide expertise and a proven track record of performance. In the U.S. and in more than 100 countries around the world, AREVA is engaged in the 21st century's greatest challenges: making energy available to all, protecting the planet, and acting responsibly toward future generations. AREVA Inc. is headquartered in Bethesda, Maryland.

600450 Solar: AREVA Completes Acquisition Of U.S. Solar Company Ausra

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