Nuclear giant Areva buys solar company Ausra
The world’s largest nuclear plant builder, Areva SA, is entering the solar power industry, with the company announcing on Monday its acquisition of U.S.-based solar thermal player Ausra.
Areva did not disclose financial details about the deal to purchase the Silicon Valley company, which had raised $130 million in venture capital from high-profile firms including Kleiner Perkins and Khosla Ventures.
The solar power industry has started to consolidate after struggling in 2009 with a dearth of financing for new projects and a steep fall in prices. Other solar thermal players include Spain’s Abengoa SA and privately held U.S.-based BrightSource Energy Inc.
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