Siemens may walk away from solar energy

A number of reports today say Siemens is planning to leave the solar power market to others because it has failed to make the return-on-capital levels the company is requiring of its business units in the process of refocusing its operations on more ...
Oct. 22, 2012

A number of reports today say Siemens is planning to leave the solar power market to others because it has failed to make the return-on-capital levels the company is requiring of its business units in the process of refocusing its operations on more profitable lines. The company reportedly is seeking a buyer for its solar operations, but will continue to build its wind and hydro power units.

More from Bloomberg Businessweek

About the Author

Doug Chandler, Senior Staff Writer

Executive Editor

Doug Chandler began writing about the electrical industry in 1992, and still finds there's never a shortage of stories to be told. So he spends his days finding them and telling them. Educationally, he's a Jayhawk with an English degree. Outside of work, he can often be found banging drums or harvesting tomatoes.