Siemens forecasts that the market for solar-thermal power plants will show double-digit annual growth rates, to reach a volume of more than Û10bn ($13.5bn) by 2015. ASE is a subsidiary of Italian industrial group Angelantoni Industrie, which is based in Massa Martana in Umbria. It says Siemens will provide new investment capital for a fast expansion of its production capacities.
Siemens is to acquire a stake in Archimede Solar Energy
German engineering and energy giant Siemens will acquire a 28% stake in Italian solar company Archimede Solar Energy (ASE), with an option to acquire a majority stake in the future.
26 March 2009 23:00 GMT
Updated
25 November 2012 9:01 GMT
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