Siemens has in the context of a reorganization of business units in the window which has put focus on the activities in the solar energy market. Also get Siemens out of the ambitious Desertec project. According to the technology concern is the growth and the prices are quite under pressure.
Siemens wants to lose the business units that focus on technology for solar thermal energy and photovoltaic solar cells. The German firm Siemens would already be in conversation with the interested parties. The so-called Solar & Hydro division employs eight hundred employees.
According to Siemens, which is working on a cost reduction programme, the results of its activities in the market for solar energy. The solar-to merge with Siemens in 2011, a loss that was greater than the turnover of almost 300 million euros. Furthermore, would the world market for solar thermal energy, which Siemens, with a number of acquisitions, it had used this year have shrunk from 4GW to 1GW.
Further considers Siemens that the prices on the solar market is heavily under pressure. Therefore, the company indirectly to the increased competition from especially China. Siemens wants to related products, such as steam turbines and control systems, continue to deliver. Also, the German group of companies active in the market for wind energy and hydropower.
With the decision to withdraw from the solarmarkt Siemens also his membership of the ambitious Desertec project terminated, reports Bloomberg. The Desertec initiative, which a consortium of German companies is active, will in the coming decades in the Sahara and the Middle East giant green energy projects set up, including thermal solar plants and windenergieparken. It is still unclear what the implications are of the departure of Siemens from Desertec.