Monday 1 June 2020

Masen, Alcen acquire Alsolen - active in solar thermal technology

Integrated solar technology deal signed in Morocco

RABAT, Morocco, July 28, 2015

Several parallel and complementary deals were signed by the Moroccan Agency for Solar Energy (Masen), the Energy and Alternative Energies Commission (CEA) and the Alcen group, to develop industry, and research and development (R&D) in the field of solar energy to boost their expertise and know-how, according to a report.

The deals were signed on the conviction that the development of renewable energy is needed to be part of the energy transition dynamic underway, by giving concrete substance to the underlying socio-economic opportunity, said the Morocco World News report.

It includes Masen’s strategic acquisition of 50 per cent, alongside the Alcen group, in the Alsolen company, which is active in solar thermal technology, it said.

It also includes the establishment of a research laboratory in Morocco by Masen and CEA and the launch of several collaboration and competence transfer projects.

The tripartite agreements seek to promote solar technology as the fresnel, with the prospect of developing an industrial basis for R&D and innovation, Mustapha Bakkoury, chairman of Masen’s board, was quoted as saying.

Tags: agreement | solar | technology | CEA |

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