World of Solar Thermal - Solar Thermal Energy Daily News, Events, Companies, Products, Jobs and more : GEA to supply heat exchangers for solar thermal power generation

GEA to supply heat exchangers for solar thermal power generation
================================================================================
Pangea on 10/12/2009 22:00:00
 
Announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is
solely responsible for the content of this announcement.
Bochum/Bilbao, June 24, 2009 - GEA Ibérica, a Spanish subsidiary of GEA Group
has received an order to design, manufacture and supply 7 surface condensers for
new solar thermal power plants in Spain with an aggregate capacity of 350 MW.
Worth about EUR 6 million, the order has been placed by Siemens Industrial
Turbomachinery AB in Finspong/Sweden. The surface condensers will be
manufactured at the GEA Caldemon site in Santander/Spain. GEA Ibérica, which is
part of the Energy and Farm Technology segment, has acquired the site only
recently in order to enhance its range of production. This factory has been the
supplier for surface condensers to GEA Ibérica before.
'The order rewards our strategic focus on the growing solar thermal power
industry,' says Ramon Rodriguez, Managing Director of GEA Ibérica S.A. Securing
a stable workload for the Santander factory, the order is due for delivery
before the end of 2010. 'To gauge the vast market potential of this proven
technology, consider the recently reported initiative of several big industrial
and utility companies, such as Siemens, Eon and RWE. They are looking for ways
how to turn the Club of Rome's 'Desertec' vision into reality and to extensively
rely on solar thermal energy for future power generation,' observed Jürg Oleas,
CEO of GEA Group.
GEA Ibérica, which is a subsidiary of GEA's Thermal Engineering Division, has a
history of supplying surface condensers to solar thermal power plants in Europe.
Growing future demand is expected especially from North Africa and the United
States. Within the area of renewable power generation, Solar thermal power
plants have the technological advantage that they can continue to run during the
night with heat stored during daylight operation, enabling solar thermal power
plants to contribute to the base load of grids. Moreover, sunlight as a resource
for power generation is free - not surprisingly, solar thermal power is rising
in demand.
GEA Group Aktiengesellschaft is one of the largest pure mechanical engineering
groups in Germany. As an internationally operating technology group, it
concentrates on specialty mechanical engineering with a focus on process
technology and components. Group revenue amounted to EUR 5.2 billion in fiscal
year 2008. The group generated about 50 percent of this revenue from the
long-term growing food and beverages industries. As of March 31, 2009, a
workforce of over 21,000 employees served customers in more than 50 countries.
GEA Group is a market and technology leader in 90 percent of its business areas.
GEA Group is listed in the MDAX index (G1A, WKN 660200).
GEA Group Aktiengesellschaft Corporate Communications tel. +49-(0)234-980-1081
fax +49-(0)234-980-1087 www.geagroup.com