France's nuclear company Areva is to launch a solar power business on the basis of the acquisition of US-based Ausra, a specialist in concentrated solar power. The move "reflects Areva's strategic objective to be the world leader in concentrated solar power and will further strengthen and diversify its renewables portfolio," said the company. It comes after last month's reorganisation, which separated renewables activities from the nuclear reactor business, and the acquisition of a 30% stake in German wind technology specialist Repower two years ago.
Areva into solar now
France's nuclear company Areva is to launch a solar power business on the basis of the acquisition of US-based Ausra, a specialist in concentrated solar power. The move "reflects Areva's strategic objective to be the world leader in concentrated solar power and will further strengthen and diversify its renewables portfolio," said the company. It comes after last month's reorganisation, which separated renewables activities from the nuclear reactor business, and the acquisition of a 30% stake in German wind technology specialist Repower two years ago.
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