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




Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Overcoming ICS Management Challenges

Customers confirm they save 80% of their time identifying, analyzing, and reporting ICS cybersecu...

Securing Industrial Control Systems: The Basics

Since isolation seems to be impossible for control system environments, how do companies protect ...

Case Study: Create a Sustainable NERC CIP Compliance Program

With over 100 endpoints, a large US generation and transmission utility was spending 2-3 hours co...