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Germany's Siemens announces major solar acquisition
Berlin (AFP) Oct 15, 2009 German conglomerate Siemens announced a major acquisition Thursday with the purchase of Solel Solar Systems, a maker of panels used in power plants harnessing the Sun's rays to generate electricity. The German industrial giant said it was buying Israel-based Solel for 418 million dollars from current majority owners, British-based investment firm Ecofin and another unnamed shareholder. Solel is one of the world's top two suppliers of solar receivers and also plans and constructs vast "solar fields," posting sales of close to 90 million dollars in the first half of 2009, Siemens said. "After the rapid and highly successful expansion of our wind power business, we now want to continue this success story in the solar sector," the German firm said in a statement. Interest in renewable emergies has soared in recent years as countries diversify away from fossil fuels in an attempt to reduce the harmful carbon dioxide emissions that cause global warming. Share This Article With Planet Earth
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Portable Solar Technology To Receive 600,000th US Design PatentSpanish Fork UT (SPX) Oct 14, 2009 The United States Patent and Trademark Office (USPTO) will award GOAL0, a renewable energy company for outdoor lifestyles, the 600,000th design patent for the technology behind its new portable solar energy product. The event will take place on October 14 in Alexandria, Va. at the National Inventors Hall of Fame. The patent was awarded for the development of state-of-the-art technology ... read more |
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