2008-03-17
Relocation of Solar Millennium Subsidiary Flagsol to Larger Offices
- Technology company experiences strong growth
- International projects
- Contracts in Spain, China and Egypt
Erlangen, 17.03.2008. Flagsol
GmbH, a wholly owned subsidiary of Solar Millennium AG, has moved to
new offices in Cologne, Germany. The technology company's strong growth
and position as the worldwide leader in the parabolic trough technology
necessitated such a relocation. The 40 employees (full-time equivalent)
will, in future, be based in Cologne's Rheinauhafen, split over 3
floors of the "Silo", a former grain repository. The interior of the
listed building has been refitted to meet the requirements of modern
offices.
Among other things, Flagsol has been contracted with the design of the solar fields of the first parabolic trough power plants in Europe, Andasol 1 and 2. The technology company is also responsible for the quality assurance during construction period as well as for providing the controls for the solar fields. Flagsol designs the solar field for the first parabolic trough power plant in Egypt and again provides the controls and other key components.
In addition, the technology company has a significant role in a feasibility study for the first parabolic trough power plant in China, and is involved in tenders for further solar thermal power plants across the globe. The management board expects further contracts for the current 2007/2008 financial year and an increase in turnover to over 10 million Euros.
Christian Beltle, Chairman of the Board of Solar Millennium considers the growth of the technology subsidiary Flagsol as an example for the growth of the entire group: "We are growing in all areas - in particular in the technology, power plant construction and project development sectors. Currently, over 100 full-time employees work for Solar Millennium at locations in Germany, Spain, USA, China, and the United Arab Emirates."
New address for Flagsol GmbH:
Flagsol GmbH
Agrippinawerft 22
50678 Köln
Germany
Tel.: +49 (0)221-92 59 70 - 0
Fax: +49 (0)221-92 59 70 - 99
E-Mail: info(at)flagsol.com
About Solar Millennium AG:
Solar
Millennium AG, Erlangen, is a globally active company in the renewable
energy sector, with its main focus on solar thermal power plants.
Together with its subsidiaries, Solar Millennium specializes in
parabolic trough power plants - a reliable, proven technology in which
the company is a worldwide leader. The company covers all major
business sectors of the value-added chain for solar thermal power
plants, from project development to technology and turn-key
construction of power plants, to the operation and ownership of power
plants. In Spain, Solar Millennium developed Europe's first ever
parabolic trough power plants, two of which are already under
construction. Further projects are planned with a capacity of several
hundred Megawatts located worldwide, with the focus upon Spain, the
USA, China and North Africa. The company is also developing solar
chimney power plants, with the aim of making this technology ready for
the market.
About the technology:
Solar
thermal power plants generate electricity using heat energy captured
from solar radiation. In a parabolic trough power plant, trough-shaped
mirrors concentrate the sun's rays onto a pipe in the focal line of the
collector. Their absorption heats a transfer fluid in the pipe,
generating steam in the power block by way of heat exchange. As with
conventional power plants, the steam is utilized in a turbine to
generate power, and by integrating thermal storage, this power can be
supplied on demand. Thus, solar power plants can also generate
electricity after sunset.
You can download the press release here.
