Sunday, 27 March 2011

Novatec deal boosts solar power

Summaries - Australian Financial Review
17 March 2011, Page: 17

Renewable energy developer Novatec Solar yesterday agreed to sell a 35% stake in the business to power and automation technology firm ABB. The deal will give Novatec, a subsidiary of infrastructure investment firm Transfield Holdings, access to power plant projects in Europe and beyond. Chairman of Novatec Guido Belgiorno Nettis said, "ABB is at the forefront of renewable energy integration". ABB recently completed a communications system contract for the Water Corporation in Perth. Transfield Holdings, in a consortium with Transfield Services, is competing in the Federal Government'ssolar flagships project using Novatec's technology against companies including Parsons Brinckerhoff and Wind Prospect CWP.

1 comments:

hann said...

With the rising costs of electricity nowadays, it is no wonder that people are looking into alternative means of obtaining electricity. One such way is through a power solar system.