Rioglass Solar, the US-based manufacturer of mirrors used for concentrating solar power, hassigned an agreement with Siemens CSP, for the acquisition of the receiver technology and related manufacturing assets.
José M. Villanueva, Chairman and CEO of Rioglass Solar Holding, said: "This acquisition provides Rioglass Solar with a unique opportunity to diversify and strengthen its presence in the CSP market with an extensive product offering. It displays once more our commitment to this industry and to our customers, supporting them in meeting the challenges of a renewable energyfuture."
The execution of the transaction is subject to the approval of the Antitrust Authority and other governmental entities.
Rioglass Solar reinforces its position as a leader in the CSP market with this transaction, now as a supplier of two of the main components of parabolic trough technology, mirrors and receivers, as well as reflectors for CSP Tower, Fresnel and Stirling Dish technologies.
