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Yingli Green Energy Holding Co. Ltd. Message Board

  • geo65sco geo65sco Nov 6, 2012 1:18 PM Flag

    Siemens Pulls Plug on Solar Power

    Siemens Pulls Plug on Solar Power

    GALWAY, IRELAND--October 24, 2012 --Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) German engineering giant, Siemens AG (NYSE:SI) (Munich, Germany), has announced plans to exit the solar power market and sell of its business.

    The company, one of Europe's largest players in the solar photovoltaic (PV) sector, claimed that its decision to ditch its solar business comes in the face weaker subsidy support and cut-throat price competition.

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