Rioglass

Rioglass Overview

Rioglass is engaged in design and manufacturing of key optical components for concentrated solar power (CSP). Rioglass provides operation and maintenance services for renewable power plants as well as other specialized services to assess and improve the performance of CSP and other renewables assets. Rioglass Solar Systems Ltd Formerly known as 'Solel - Siemens' was established with the acquisition of the receiver tube facilities in Israel. The facility produces HCE receivers and mirrors.

Latest News

Jul 11, 2016 · en.globes.co.il

growth-positive

Rioglass Solar signs further contract in South Africa

Rioglass Solar, a Beit Shemesh-based company, has secured a NIS 70 million deal to provide systems for a thermo-solar power plant in South Africa. This is the companys third power plant project in South Africa, with a total value of NIS 235 million. The power plant will produce 100 mW of power for about 80,000 households. Rioglass Solar has recently taken over the global thermo-solar system market after acquiring Siemens thermo-solar receiver operations and German Schott Solar. South Africa is becoming a key market for Rioglass Solar due to the governments campaign to produce 8.4 gW of solar power by 2030 and significant foreign investment in the country.

AcquisitionInvestment

Dec 9, 2015 · en.globes.co.il

growth-positive

Israeli thermo-solar receivers co Rioglass in major acquisition

Rioglass is acquiring the receiver business of Schott Solar, its main competitor, in a deal worth tens of millions of euros. This acquisition will allow Rioglass to dominate the thermo-solar installation market and meet customer demands in the industry. As a result of the deal, Rioglass will triple its workforce to over 300 employees and expand its plant in Beit Shemesh. Rioglass has had a successful year, being selected as the preferred supplier for thermo-solar projects worldwide. The acquisition is expected to propel Rioglass forward and prepare the company for future growth in the rapidly evolving and competitive STE and CPV businesses.

AcquisitionExpand

Team Members

1

Employees: 11-50

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Locations

Ha-Hakhshara St, Bet Shemesh, Israel

C. de la Escanda, 33630 Pola de Lena, Asturias, Spain

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