Start of the end for the solar hype perhaps? Siemens Exits Solar, Desertec in Green Portfolio Setback: http://www.bloomberg.com/news/2012-10-22/siemens-exits-solar-business-in-setback-for-green-portfolio-push.html
"Siemens AG (SIE) plans to give up its unprofitable solar-energy
business after failing to turn the unit around, in a blow to the German
engineering company’s effort to win more revenue from its so-called
green portfolio. Siemens is offering the asset to potential buyers,
the Munich-based company said in a statement today. The company will
also end its membership in a high-profile venture to generate renewable
energy in the Sahara desert. Siemens will keep its wind and hydro-power
activities, the company said. “Due to the changed framework
conditions, lower growth and strong price pressure in the solar markets,
the company’s expectations for its solar energy activities have not
been met,” Siemens said in the statement. Siemens is pulling the
plug on a business created with acquisitions including Archimede Solar
Energy and Solel Solar Systems in 2009, as deteriorating prices for
photovoltaic modules have made concentrated solar power less attractive.
The solar-power activities had been unprofitable since Siemens bundled
the operations into a separate unit a year ago. "
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