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Power-One Inc. Message Board

  • moneymeyka moneymeyka Nov 4, 2012 3:58 PM Flag

    PWER should increase on this news. Siemens to exit solar business (inverter production)

    Siemens exits solar business

    A spokesperson has told pv magazine Siemens will "significantly" scale its inverter business back in 2013, due to the weakening demand for photovoltaic components. Meanwhile, the company has provided two reasons for its solar scale back.

    This means specifically that in fiscal 2013 we will be marketing our SINVERT portfolio only in selected countries. Service orders for our customers will be handled as usual."

    Currently, Siemens has an inverter production capacity of around one GW in Fürth, Germany, and approximately 300 MW in Chicago, the U.S.

    This July, Siemens’ employees were informed about the company’s plans to adjust its inverter business on the back of weakening demand. "This concerns around 240 employees in our location in Fürth, Germany. How they will be re-organized is still subject to the ongoing discussions with the employee representatives," continued the spokesperson.

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