Solar Millennium - Company Structure

Company Structure

In May 2010, the merger of its technology subsidiary Flagsol GmbH (Cologne) and participation in the power plant joint venture of MAN Solar Millennium GmbH (Essen) has been completed. With 74.9 percent of the shares, Solar Millennium is still in charge of the joint venture. 25.1 percent are owned by the group Ferrostaal, Essen. The company operates under the name Flagsol GmbH based in Cologne. Further offices are located in Essen, Madrid, Berkeley, Johannesburg and Abu Dhabi. The business is focused on developing the technology for solar thermal power plants and in the area known as EPC (Engineering, Procurement & Construction) for parabolic trough solar fields and power plants.

Also in 2007, Solar Millennium AG, together with the Inner Mongolia Lvneng New Energy Co. Ltd.. based in Hohhot China, established a joint company. Each of the two companies hold 50 percent stake in the new company Inner Mongolia STP Development Co. Ltd. with headquarters in Hohhot. The intention is the development and implementation of the first parabolic trough power plant in China. A feasibility study has been completed, the government plans to appropriate tenders.

2009, the market position has been strengthened in the U.S. through a joint venture with Ferrostaal Inc.. The company, Solar Trust of America, LLC is a full service provider of solar thermal power plants. By bundling all the activities and features in Blythe, Palen, Amargosa and others, there already is a strong project pipeline in the southwestern United States. Inter alia, there are contracts / cooperative agreements or power purchase agreements (PPAs) with Nevada Energy and Southern California Edison (SCE), two of the largest electricity producers in the U.S., for various projects in the U.S..

Technology-Subsidiary:
  • Flagsol GmbH (74,9 %)
  • Smagsol GmbH (100 %)
Corporation (selection):
  • Milenio Solar Desarrollo de Proyectos S.L., Spanien (100 %)
  • Ibersol Kraftwerks GmbH, Spanien (100 %)
  • Murciasol-1 Planta Solar Térmica S.L., Spanien (50 %)
  • Termosolar de Albacete S.L., Spanien (34 %)
  • Inner Mongolia STP Development Co. Ltd., China (50 %)
Financing/Investment:
  • Solar Millennium Invest AG (55 %)
  • Andasol Invest Verwaltungs GmbH (100 %)
Construction:
  • Solar Trust of America LLC (70%) — Subsidiary in the United States (joint venture with MAN Ferrostaal)

Read more about this topic:  Solar Millennium

Famous quotes containing the words company and/or structure:

    “Is not disease the rule of existence? There is not a lily pad floating on the river but has been riddled by insects. Almost every shrub and tree has its gall, oftentimes esteemed its chief ornament and hardly to be distinguished from the fruit. If misery loves company, misery has company enough. Now, at midsummer, find me a perfect leaf or fruit.”
    —Henry David Thoreau (1817–1862)

    “A structure becomes architectural, and not sculptural, when its elements no longer have their justification in nature.”
    —Guillaume Apollinaire (1880–1918)