Bosch follows Siemens out of Desertec project

The renewable energy project known as Desertec Industrial Initiative (DII) has suffered another blow with the news that Bosch Rexroth have decided to opt out of being an associate partner.

The company will not renew its membership when it comes up for renewal next month becoming the second high profile departure , following Siemens exit last month.

Desertec master plan
Economic conditions have been cited for the decision, with Bosch perceived as no longer enthusiastic about supporting solar energy. There is evidence also that the German company is considering the sale of its solar business altogether.

DII had planned to unveil the political framework supporting its Moroccan initiative - a 150 MW CSP plant last week but the Spanish government had delayed on committing, increasing frustration.

Appetite for mega project investment has faded since the DII was launched in 2009.

For more solar power news

     

 

Share
     


Whitepapers

Pervasive Governance: Rethinking Traditional Approaches to Information Governance for Oil & Gas

Information is an organization’s most important strategic asset – the “lifeblood” of the organiza...

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...

Webcasts

Transforming the petroleum supply chain with the Internet of Things

The equipment involved in producing, moving, refining and selling petroleum is expensive, and rugged, and comes from hundreds of manufacturers. Enhanced by the Internet of Thing...
( 06/16/2015 / 02:00 PM Eastern Daylight Time / 01:00 PM Central Daylight Time / 11:00 AM Pacific Daylight Time / 18:00 GMT )
Sponsored by

Connected Decision-Making: Improving Asset Operations Through Comprehensive Information Management

Energy asset operators are faced with a paradigm today: increase efficiency and reliability levels while fighting to extend the lifespan of these aging asset. To meet these oppo...
Sponsored by

Turnaround Bolting Optimization

Improving turnaround safety, quality and schedule with innovative bolting methods. Join our speakers as they address the following topics: Improving job-site safety with innov...
Sponsored by