Solar Thermal Firm Ausra Seeking Buyer

Solar thermal company Ausra, which has received funding from Khosla Ventures and Kleiner Perkins, is looking for a buyer, according to a Reuters report. 

Ausra did not confirm the report, which was based on "two sources familiar with the company."

The sources said discussions are underway with three potential buyers–all global conglomerates–and that Ausra is looking to sell a majority stake in the company, or the entire company. 

Mountain View, California-based Ausra was founded in 2006 and has raised about $130 million in venture funding–including $25.5 million last April.

The company secured a power purchase agreement (PPA) with California utility PG&E for 117 megawatts (MW) of power and inaugurated a 5-MW demonstration power plant in October 2008.

However, in January of 2009, the company announced that it was changing course and would no longer focus on power plant development, but rather, would focus on selling solar thermal systems to other developers. 

The company cancelled its PPA with PG&E and sold the associated land to thin-film solar manufacturer and project developer First Solar. 

Read the full Reuters report at the link below.

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