New Delhi, May 2010- Alstom, a global leader in equipment and services for power generation, said on May 21, 2010 that it will complement its strong portfolio in renewables through a partnership with BrightSource Energy Inc to enter the high-growth solar energy market. Alstom today announces it is investing up to $55 million in BrightSource Energy Inc., with an equity stake that positions Alstom as one of the main shareholders in the company. This operation takes place as part of a capital increase of $150 million organised by BrightSource. This privately-owned company is a specialist in designing, building and operating tower based solar thermal power plants with operations in the USA, Israel and Australia.
Philippe Joubert, Alstom Power President, said: “With this agreement, Alstom and BrightSource intend to enter into a fruitful industrial relationship which will enhance BrightSource s leading position in the solar energy market. Alstom’s Plant Integrator capabilities, proven engineering, procurement and construction (EPC) skills and global customer base will help BrightSource make solar energy cost competitive with fossil fuels by developing, building, owning and operating the most cost-effective and reliable large-scale solar energy projects.”
No comments:
Post a Comment