Showing posts with label loss-making. Show all posts
Showing posts with label loss-making. Show all posts

Tuesday, October 23, 2012

Germany's Siemens plans to give up the business of producing solar panels

Germany's Siemens plans to give up the business of producing solar panels, after the company hopes to develop alternative energy were not fulfilled, and the German government has rolled measures to support manufacturers of solar energy solutions.  The Wall Street Journal  tells on this day.

At Siemens said that the company is in talks with several potential buyers of the business. Siemens itself has got this area three years ago, bought for 418 million dollars Israeli company Solel Solar Systems and later adding her share of Siemens in the Italian Archimede Solar Energy. Then, Siemens announced that the company intends to become one of the world's leading solar energy.