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Each company hold 50 percent in the new joint company. The aim of MAN Solar Millennium is to establish the joint venture as one of the world's leading suppliers of solar thermal power plants.
MAN Ferrostaal is, as a plant constructor and general contractor with financial competence, in a position to realise international projects. Solar Millennium has technology which is commercially approved and many years of long-term experience in the development and realisation of solar thermal power plants. Together with its 100%-owned subsidiary Flagsol GmbH, it is providing engineeiring for parabolic trough power plants, a proven and reliable technology, in which the company has a leading market position worldwide.
Beside the Parabolic Technology, MAN Solar Millennium is also using a new Fresnel technology, currently being developed by MAN Ferrostaal and Solar Power Group GmbH.
