Transfield Holdings’ focus on green energy solutions began with the company’s decision, in 2004, to invest in Australian Biodiesel Group. This strategy continued when, in 2007, Transfield became majority shareholders in Novatec Solar.
Novatec Solar was founded in 2006 in Karlsruhe, Germany, by engineers with an interest in revolutionising the technology for producing Concentrating Solar Power (CSP) in line with the global shift to renewable energy sources. Novatec Solar had developed a patented design for solar fields using unique linear Fresnel collector technology, an automated mass production process for solar field key components and an automated cleaning system. The company went on to undertake manufacture, supply and turnkey delivery of solar boilers for a wide range of applications including concentrated solar power generation and industrial process heat, for example, for solar enhanced oil recovery.