Bosch Ends All Photovoltaics Activities

Discussion in 'Environmental' started by xcel, Mar 22, 2013.

  1. xcel

    xcel PZEV, there's nothing like it :) Staff Member

    Says it cannot compete

    In a release, Bosch states that it is discontinuing its activities in crystalline photovoltaics. Bosch’s manufacture of ingots, wafers, cells, and modules will cease in early 2014. As far as possible, individual units are to be sold quickly. All development and marketing activities will also end. The module plant in Vénissieux, France, is to be sold. Plans to construct a manufacturing facility in Malaysia has been scrapped. Bosch plans to sell its shares in aleo solar AG. Bosch Solar CISTech GmbH in Brandenburg, Germany, will continue as a development center for thin-film technology. Its future alignment will be decided at a later date.

    Failure to achieve competitiveness

    Over the past years, Bosch Solar Energy has tried unsuccessfully to achieve a competitive position. Due to global overcapacity, nearly the entire industry is sustaining heavy losses. Dr. Stefan Hartung, the chairman of the Bosch Solar Energy AG supervisory board and member of the Robert Bosch GmbH management board responsible for the Energy and Building Technology business sector, sums up the situation as follows:

    As announced in January of 2013, the losses of the Solar Energy division came to some $1.3 billion USD last year. The division currently employs some 3,000 associates, roughly 850 of them at aleo solar AG and some 150 at CISTech.

    This announcement comes after its completion of 1.9 MW at two Hawaiian Islands project we reported on just over a week ago.

    Bosch Solar Adds 1.9 MW to Two Hawaiian Islands

    Wayne
     
  2. herm

    herm Well-Known Member

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