Independent journal on economy and transport policy
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ABB has undersigned an agreement in order to acquire 35% of the German Novatec Solar
The understanding includes an option for the acquisition of 100% of the company, that it is specialized in the technology to concentration to termosolare
March 16, 2011
Helvetic group ABB has undersigned an agreement for the acquisition of 35% of the social quota the German Novatec Solar (already Novatec Biosol), an innovative society in the technology to concentration to termosolare (Concentrating Solar Power, CSP). ABB has announced that the investment previews an option for the acquisition of 100% of Novatec Solar and agreement of collaboration for the realization of future projects in the solar generation.
The Swiss group has emphasized that the concentration to termosolare is a field in fast increase in the market of renewable energies and this complete investment the offer of ABB in the automation of the generation systems, in the electrification and the transmission electrical worker on the long distances. Novatec Solar - it has specified ABB - is a supplier leader of the technology To delineate Fresnel that uses solar mirrors plans in order to concentrate the energy of the sun on a receiver who produces steam; the produced solar steam reduces so the necessity to resort to fossil fuel in order to under construction generate electric power in existing headquarters or, the systems of process and other industrial applications where it is necessary thermal energy.
Novatec Solar, that it has center to Karlsruhe, employs some 80 people.
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