Siemens says goodbye to photovoltaics

There green economy is the hope to exit the economic crisis but thephotovoltaic it starts to fail and the prospects for the future are not very encouraging. Chinese competition is fierce and there is no room for European companies. To limit the damage, America has placed a limit on imports to encourage domestic production but Europe is firm in the anti-dumping investigation and there are many doubts.

There photovoltaic crisis did not spare theSiemens. In fact, the German company has announced its exit from the solar business in the sector by 2014 renewable energies, to focus on wind and hydroelectric energy. The Energy sector is resized and split Solar & Hydro ceases the activity.

However, Siemens will guarantee the sale of some products for solar thermal systems and photovoltaic, such as steam turbines, generators, network technologies, and control systems, as they are products outside the division Solar & Hydro. The reasons that have changed the expectations of society are certainly not a mystery: too much foreign competition incompatible with production costs and not very encouraging state incentives.

After having fulfilled all commercial obligations still in force, the entire solar sector and part of its employees will be sold, talks are currently underway with potential buyers. Some sources write that it is an Asian manufacturer. ThereSiemenswill continue to build on its reputation for manufacturing leadership energy from renewable sources focusing production in apparently safer sectors, that ofwind power with over 7,000 employees and that of hydroelectric with its 2,000 employees.

Starting in 2014, the Energy Sector will comprise the divisions Fossil Power Generation for thermoelectric plants, Win Power, Oil & Gas which concerns services for the oil industry and small and medium-sized thermoelectric plants and finally Power Transmission.

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