Navigation

ABB buy into US solar power market

Swiss-based engineering group ABB has announced it is buying a stake in California-based solar power system provider GreenVolts.

This content was published on December 14, 2011 - 22:07
swissinfo.ch and agencies

ABB said it was investing $20 million (SFr19 million) for a “substantial” minority stake in the group.

Through the investment ABB gains access to GreenVolts’ technology. ABB said the American company delivers energy yields that can be 30 to 40 per cent higher than traditional panel-based systems. The pairing up of the two companies would help “make this technology globally accessible”.

In January ABB bought Baldor Electric, the North American leader in industrial motors, and in March it took a stake in the German alternative energy firm Novatec Solar.

ABB operates in around 100 countries and employs about 130,000 people.

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.