Solar Power Company Ausra on the Auction Block
Solar power developer Ausra is in advance talks with as many as three potential buyers, Reuters reported on Friday, citing two sources inside the Mountain View, Calif., company.
The buyers could take a part or the whole solar power company. Reuters describes the interested candidates as “global conglomerates in the power generation business.” We’ve reached to obvious suspects General Electric and Siemens. Both companies are largely focused on wind generation rather than solar power. So far we’ve not heard back from the two companies.
Kleiner Perkins and Khosla Ventures, two of the sector’s largest venture investors, back Ausra, which has raised $130 million in venture capital.
It’s been quite a year for Ausra, which just last week sold the land option supporting the development of a large solar power project, to First Solar. Unable to secure financing to develop the large CSP projects it had initially set out to do, the company, earlier this year, opted instead to focus on selling solar thermal systems for the distributed generation market.
