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Siemens Raises Stake In Archimede Solar Energy

Siemens Energy has increased its stake in solarthermal specialist Archimede Solar Energy SRL, a joint venture betweenAngelantoni Industries SPA and Siemens, from 28% to 45%, effective May1. The purchase price of the shares was not disclosed. Theobjective of the investment is to accelerate the setup of solar receiver production in Massa Martana, Umbria, Siemens says. [...]