France-based Areva, best known for its work in nuclear power, said on Monday it has acquired concentrating solar-power start-up Ausra for an undisclosed price.
The acquisition will expand Areva’s business interests in renewable energy, which already include biomass-based power and development of offshore wind, according to a representative. Areva builds equipment for operating power plants and provides construction and maintenance services, but does not sell electricity to utilities directly, she said.