German engineering company Bosch said it is abandoning its solar energy business, because there is no way to make it economically viable amid overcapacity and huge price pressure in the industry.
The solar power industry has been hit by falling subsidies, weaker sales and increasingly stiff price competition, especially from Chinese manufacturers. Robert Bosch GmbH's move, announced at the end of last week, came after German industrial conglomerate Siemens announced last October that it would give up its loss-taking solar business.
See full Article: http://www.smh.com.au/business/carbon-economy/bosch-dumps-solar-business-as-losses-mount-20130325-2gpo4.html
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