2013年6月30日星期日

The world "fortune 500" bumpy fate of photovoltaic (pv)



For days, the German industrial giant Siemens want to shut down its solar business department talk, has attracted many attentions of the industry.

On June 20th, the reporter an exclusive obtained by German Siemens headquarters to the only official Chinese media interview reply.

Reply, Germany's Siemens headquarters told reporters confirmed that it had in 2013 decided to pull out the solar energy photovoltaic business in May.

In October last year to seven months in May this year, Siemens also failed to find the right investors took over the business.

In addition, Siemens says, about "shut down its how to build solar panels business department" to adjust work will start soon, which will affect its fiscal 2013 data.

Decided to pull out the solar photovoltaic (pv) business

Publicly reported, as early as in last year October 22, Siemens has announced that will spin off its solar business, at present, the company has already started to contact with some potential buyers, discussion of specific issues to sell.

Siemens internal high-level admitted that because of the great cost pressure as well as the business grows slowly, the little solar business profitability.

Statement in the day, Siemens confessed, "because of the great changes in the solar industry environment, business growth is slow, the increasingly competitive market prices, the company has been difficult to achieve the initial expectations of solar business".

We have learned, when Siemens plans to sell assets mainly Solel solar company located in Israel.

In 2009, Siemens paid $418 million to buy the company, started to expand solar thermal power business, the business has 680 employees in total.

But since then, the business has been developing, the company's solar power business is losing money.

In 2011, the company's china solar panel business earning less than 300 million euros, the company not only as a proportion of the total sales of 73.5 billion euros, with wind power business for more than 10 billion euro orders cannot compare.

Siemens in giving "securities daily" interview reply admitted that the company "in October 2012, decided to its energy business domain's solar business, and looking for a potential acquirer inherit poly thermal solar energy business (also called 'light in the domestic industry')."

But "because the market situation more and more serious, to trap heat in our solar business for seven months after sales efforts, we are hard to find the right investors took over the business.

And we also can't find can bring benefit to customers, employees, investors, and Siemens are solutions.

We also with many interested in the business of the company for negotiations, but all failed to reach a consensus." Siemens said.

Siemens enters a bumpy road

According to "securities daily" reporter understanding, Siemens energy business domain's solar business is mainly divided into two parts, one part for photovoltaic power generation the contractor business, another part of the total package for thermal power plant and component production business.

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