Rioglass Solar believes that the acquisition will strengthen its position in the CSP market 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.
Rioglass Solar CEO Jose Villanueva 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 energy future."
The closing of the transaction is subject to the approval of the Antitrust Authority and other governmental entities.
Established in 2007, Rioglass Solar is a supplier of CSP mirrors with production facilities in Spain, the US and South Africa. Rioglass Solar has supplied more than seven million mirrors for concentrated solar power (CSP) and concentrated photovoltaic (CPV) technologies across the world.
