MAN Ferrostaal acquires bigger share of Solar Power Group to expand Fresnel technology adoption

Facebook
Twitter
LinkedIn
Reddit
Email

Fresnel technology-based solar thermal power systems provider Solar Power Group has had MAN Ferrostaal raise its stake in the company by approximately 19% to 43.8%. The move is part of MAN Ferrostaal’s belief in the technology and company being able to capture significant business in the future. MAN Ferrostaal is now majority owned by the International Petroleum Investment Co. (IPIC) and expects growth especially in the Middle East.

“We regard our involvement in SPG as a strategic investment and as a cooperation geared towards the future,” noted Dr. Klaus Lesker, member of the MAN Ferrostaal Executive Board and person in charge of the company’s solar and conventional power plant business. “We’re convinced that the Fresnel technology has great potentials. At the current time in particular, increasing our capital investment should be perceived as a positive signal by the market.”

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

MAN Ferrostaal is also supporting further research and development at SPG as the company has projects in Spain, the U.S. and Libya.

Read Next

September 17, 2025
US renewables developer Longroad Energy has reached financial close for its 400MW 1000 Mile solar project in the US state of Texas.
September 17, 2025
Spanish renewables developer and operator Acciona Energía has commissioned its 412MWp Juna solar PV plant in Kawani village in the western state of Rajasthan. 
September 17, 2025
Spanish IPP Velto Renewables has acquired a portfolio of 53 operational solar assets in Spain with a combined capacity of 260MW.
September 17, 2025
Struggling Swiss solar manufacturer Meyer Burger has formally entered into a debt moratorium, with the possibility of rescuing the entire group now looking unlikely.
September 17, 2025
Nexamp has secured US$350 million through a long-term financing facility to expand its 6GW utility-scale solar and battery storage pipeline in the US. 
September 17, 2025
Chinese module producer DAS Solar is planning a 5GW manufacturing facility focused on producing high-efficiency back contact cells.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA