article tools
Increase Text Size Increase Text Size Decreate Text Size Decrease Text Size
Share Email This Story Share Share This Story Reader comments Reader Comments (0) Add to favorites Add to Bookmarks Printer friendly version Printer Friendly Version
Article Tool Sponsor:

Advertise with us

More Jobs
Previous Article
Next Article
View All
0 ratings - Sign-in to rate this article
November 8, 2006

Norsk Hydro Invests in Norsun for Solar Cell Production

Oslo, Norway [RenewableEnergyAccess.com]

Norsk Hydro is investing NOK 150 million [US$23 million] in the solar energy company Norsun, which is planning to set up a plant in Aardal for the production of monocrystalline silicone wafers for solar cells that will be sold on the international solar energy market.

"We find the solar energy market fascinating. The Norsun investment gives Hydro an even broader and more forward-looking portfolio for renewable energy."

-- Eivind Reiten, Hydro, president and CEO

Hydro will hold a minority share in the company, which is also thinking of investing in complementary solar energy technologies.

"We find the solar energy market fascinating. The Norsun investment gives Hydro an even broader and more forward-looking portfolio for renewable energy," said Hydro President and CEO Eivind Reiten in a speech held at Hydro's energy seminar in Bergen.

In his speech, Reiten emphasized that Hydro already has a broad new energy portfolio, it is one of the major players in Norwegian wind power, participates in a number of hydrogen projects in Europe and is looking into the possibility of producing biodiesel from wood. Hydro has also invested in the wave power company, Ocean Power Delivery, which will build the world's first commercial wave power plant off the coast of Portugal.

"We believe we will be seeing a broad mix of energy forms in the years to come. Wind, bio, solar and hydrogen will represent important supplements to oil, gas and coal," said Reiten.

At last year's energy seminar Hydro presented Hywind, a new concept involving floating windmills attached to floating concrete constructions as used in the North Sea oil industry. Hydro was recently licensed to position a floating windmill in the sea off Karmoey.
For Further Information
Please Note: RenewableEnergyWorld.com does not endorse the sites behind these links. We offer them for your additional research. Following these links will open a new browser window.
Previous Article
Next Article
View All
Reader Comments (0)
 
Add Your Comment

Registered users, please make sure to Sign-In. We and others want to know your ideas and opinions. If you are not yet Registered -- it's quick and easy. Just click below.
Thanks!

Register Now   Sign-In
Featured Total Access Partners
Click company logos to learn more
Financial Research Associates, LLC GoGreenSolar.com OPEL Solar, Inc. ORMAZABAL Solar Power International 2009 Renewable Energy World Conference & Expo North America
WORLD'S #1 RENEWABLE ENERGY NETWORK
World's #1 Renewable Energy Network Logo