Solel Solar Systems Ltd

Solel Solar Systems Ltd.- Developer

Siemens Concentrated Solar Power Ltd (previously Solel Solar Systems)

Solel Solar Systems Ltd is an Israeli success story and a world leader in the field of d thermo-solar energy solutions, geared to produce clean, renewable energy while adhering to an unparalleled standard of quality in high-temperature solar collectors and solar power stations. Solel's thermal technology enables the efficient conversion of solar thermal energy into clean electricity thereby reducing dependency on fossil-fuel for electricity production.

Solel Systems was recently acquired by Siemens, Germany, for $418 million. Siemens out-bid several other potential buyers for the Beit Shemesh-based company, including French engineering corporation Alstom and Areva NP. In 2007, Solel Systems exported roughly $55 million-worth in technology. The company continued its growth in 2008 and 2009.

"Solel began its operations in 1992 and we have been active in the field of solar thermal energy for almost 20 years, and our success in meeting both the market's demands and interests in our solar thermal systems is remarkable", explains Kenny Kleinerman, PR Director for Solel. "At Solel there are about 500 employees, 400 of them from Israel and the rest from Spain."