Rioglass Solar enters the Concentrated Solar Power receiver business, strengthening its position as supplier of key CSP components by purchasing Siemens CSP’s receiver technology and assets

September 13th, 2013 – Brussels, Belgium — Rioglass Solar, the leading manufacturer of mirrors used for Concentrating Solar Power, has signed an agreement with Siemens CSP, for the acquisition of the receiver technology and related manufacturing assets.
José M. Villanueva, Chairman and CEO of Rioglass Solar Holding, said “This acquisition provides Rioglass Solar with a unique opportunity to diversify and strengthen its presence in the CSP market with a strong product package. It displays once more our commitment to this industry and our customers to support them in meeting the challenges of a renewable energy future”.
The execution of the transaction is subject to the approval of the Antitrust Authority and other governmental entities. Rioglass Solar reinforces its position as a leader in the CSP market with this transaction, now as a supplier of two of the main components of parabolic trough technology, mirrors and receivers, as well as reflectors for CSP towers, Fresnel and Stirling technologies.
About Rioglass Solar:
Founded in 2007, Rioglass Solar is now the largest CSP mirror supplier in the world with cutting edge production facilities in Spain, the United States and South Africa. Rioglass Solar has supplied worldwide more than seven million mirrors for concentrated solar power (CSP) and concentrated photovoltaic (CPV) technologies. Rioglass Solar was the first company to introduce to the market tempered parabolic mirrors as well as composite heliostat facets.