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Siemens acquires Israel’s Solel Solar Systems

Siemens has continued to expand its stake in the solar thermal sector with a $418 million agreement to buy Israel’s Solel Solar Systems, Ltd. This new deal with Solel comes just three months after Siemens announced its preliminary efforts to obtain 20 percent of Israel’s Arava Power Company.

Siemens Chief Executive, Peter Loescher, explained that with this new acquisition in the solar thermal sector the company is furthering its aim “to be the global market leader in the thermal sector.” Siemens is part of the Desertec Industrial Initiative, which has the potential to supply up to 15 percent of Europe’s energy needs by 2050.

The company expects the deal with Solel Solar to close by the end of 2009.

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Photovoltaics International 14th Edition

Published in November 2011, the 14th edition of Photovoltaics International provides a variety of technical papers from some of the industry’s stalwarts. Features include: TÜV Rheinland on junction box testing; Laser Zentrum Hannover on laser edge isolation of mc-Si cells; Calisolar on the importance of traceability; Fraunhofer ISE on EWT cells; and EPIA on Europe’s LCOE.
Photovoltaics International Lite, Volume 05 - 2011

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Manufacturing The Solar Future: The 2011 Production Annual

Manufacturing the Solar Future is the primary source guide for detailed information on the PV production process. This annual provides technical details on how the leading companies and research organizations worldwide are addressing this need by dramatically improving their manufacturing processes.

Siemens acquires Israel’s Solel Solar Systems

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