Bosch Finds Solar Business Unprofitable, Exits

Posted by Soulskill on Friday March 22, 2013 @06:35AM from the no-silver-lining-in-actual-clouds dept.

New submitter rwise2112 writes "German engineering company Bosch said Friday that it is abandoning its solar energy business, because there is no way to make it economically viable.'We have considered the latest technological advances, cost-reduction potential and strategic alignment, and there have also been talks with potential partners,' Bosch CEO Volkmar Denner said. 'However, none of these possibilities resulted in a solution for the solar energy division that would be economically viable over the long term.'"

1 of 477 comments (clear)

Min score:

Reason:

Sort:

Solar is great by bhlowe · 2013-03-22 06:53 · Score: 5, Interesting

I have solar and an electric car. It is an amazing combination. A 10Kw grid-tie system is now about $3/watt installed, and that drops to $2/watt after a 30% tax credit. If most new houses built included a solar panel on the roof, I could see the US becoming energy independent in a decade.