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Bosch Finds Solar Business Unprofitable, Exits

Posted by Soulskill on 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)

  1. Re:I love working with PV cells by Anonymous Coward · · Score: 0, Troll

    Government subsidies have been a fact of life since the days of the Pharaohs.

    So was slavery. That didn't make it any better.