France-based Areva, best known for its work in nuclear power, said on Monday it has acquired concentrating solar-power start-up Ausra for an undisclosed price.
The acquisition will expand Areva's business interests in renewable energy, which already include biomass-based power and development of offshore wind, according to a representative. Areva builds equipment for operating power plants and provides construction and maintenance services, but does not sell electricity to utilities directly, she said.
"Ausra will bring to Areva proven technology and an experienced management team. And Areva will bring market and financial strength and experience in construction, operations, and maintenance,&… Read more