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Siemens Moves into the Solar Thermal Power market -Buys Solel Solar Systems for $418 million.

Siemens AG is to acquire the solar thermal power company Solel Solar Systems Ltd. To date, the majority stake has been held by Ecofin Ltd., a London-based investment firm, andanother major shareholder. “After the rapid and highly successful expansion of our wind power business, we now want to continue this success story in the solar [...]

Government of Spain Invests in Facility to Manufacture Solar Thermal Energy Components

Solel Awarded $2.6 Million Grant From Spanish Government for Solar Manufacturing Facility Investment by Solel in first Spanish facility is $12 million; total investment in manufacturing plants expected to reach $140 million

Solel Solar Systems, Ltd. announced today it has received a €1.8 million ($2.6 million) grant from the Ministry of Innovation, Science and Enterprise of [...]