Siemens to close its last solar shop – Solel Energy Siemens is now getting out of the solar business, with its decision to shut down Solel Energy. Siemens was in the look out for a buyer for Solel Energy, since the last six-seven months. But due to non-availability of a purchaser, it decided to close […]

Europe’s biggest solar project Desterec looks doomed with one of its founding member companies Siemens abandoning solar energy for good. Siemens facing lower margins and revenues had strategically decided to retreat from solar energy. Note Siemens was strong in solar thermal energy technology after it bought Solel Energy. However the company was not getting any […]

I had profiled Brightsource energy as one of the their best solar startups in USA earlier, however things have changed dramatically in the interim with solar panel prices crashing to absurdly low levels. This has put question marks on the survival of each of these three with two of them eSolar and Brightsource being solar […]

The Dying Solar Industry The massive losses seen by the Solar industry has been an ongoing feature for the last couple of years and given that local governments continue to support bankrupt Chinese solar players (Suntech, LDK) even the future looks dim. There have been literally hundreds of solar bankruptcies as a boom in the […]