Going long on nuclear and Concentrated Solar Power (CSP) technology has not worked out for Areva.
Areva terminated its concentrated solar power activity, which generated about 100 million euros ($134 million) in revenue per year. Ausra was founded in 2006 and raised at least $130 million from high-profile investor
Chief Engineer Andrew Tanner has won the 2014 Advance Global Australian of the Year Award for Clean Technology.
Current CEO Robert Fishman, who took the company from startup to a specialist in concentrating solar power, is expected to continue in his role through the transition, though his reason for departure was not disclosed.
AES Solar develops, finances, constructs, owns and operates utilityscale solar power plants, globally. AES Solar intends to move the project forward and is committed to working with San Diego Gas & Electric (SDG&E).