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Bosch to abandon
solar energy business

Associated Press, by Staff

Original Article

Posted By:heartsurgeon, 3/22/2013 9:07:11 PM

German engineering company Bosch said Friday that it is abandoning its solar energy business, because there is no way to make it economically viable amid overcapacity and huge price pressure in the industry. The solar power industry has been hit by falling subsidies, weaker sales and increasingly stiff price competition, especially by Chinese manufacturers. Robert Bosch GmbH´s move came after German industrial conglomerate Siemens announced last October that it would give up its loss-making solar business. Bosch said that it will stop making products such as solar cells,

Comments:
A bad week for solar - couple this with the bankruptcy of SunTech - the chicom solar giant. The Germans and the Chinese can´t make any money off solar..meanwhile Obama is not hindered by petty concerns such as these: he is handing out $2 billion for new solar plants that Obama says will "create thousands of jobs and increase the use of renewable energy sources."

      


Post Reply  

Reply 1 - Posted by: Scribelus, 3/22/2013 9:32:01 PM     (No. 9239388)

The solar and wind "industries" are little more than rent-seeking ventures. As the political bases for their susidization shrink, their business models are revealed as incipient frauds.

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Reply 2 - Posted by: Salt5792, 3/22/2013 9:50:12 PM     (No. 9239413)

It would be better if we just gave up on solar power completely.

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Reply 3 - Posted by: ida Lou Pino, 3/22/2013 10:07:15 PM     (No. 9239433)

Great!

Let´s use American taxpayer money to buy Bosch - - and merge it with Solyndra.

The industry is on the verge of a major scientific breakthrough - - solar cells which work at night. Yes - - amazing as it sounds - - there will be night-time solar cells which charge up fully when plugged into a standard power outlet.

This amazing breakthrough will turn the power industry on its head. We must "invest" all we have - - NOW!

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Reply 4 - Posted by: tipover, 3/22/2013 10:42:14 PM     (No. 9239465)

Idaho Power has it right in that they encourage solar/wind for ranches and homes that require a run of poles & lines for 1 or 2 customers. Since the customer has to pay for the power lines some find it worth while to look at "renewable" power systems. However I suspect that the users still use generators (gas/diesel) for backup and primary winter heat and for shop power.

BTW, most small wind installations I have seen seem to go out of service after a few years. Wonder what the reliability record might be for wind/solar in real world conditions? Anyone here have any current info?

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Reply 5 - Posted by: ziel, 3/22/2013 10:51:51 PM     (No. 9239479)

There are three basic principals about energy.
We need to control
1 time
2 place
3 volume.
When one of those components is missing source of energy is useless.
Those rules apply to absolutely everything.
What use we have from electrical light if we are not able to control time, place and amount of light. Now apply this rule to the car, plane, house heat, etc, etc.
Based on that solar and wind is useless since we can not store movement.
Little reminder electricity is movement of electrons, battery does not store the movement.



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Reply 6 - Posted by: cartcart, 3/22/2013 11:29:48 PM     (No. 9239513)

You would think that with all the failures to launch successful ventures in this "industry" there would be someone in the room that understands that it is a money pit with very little success.

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Reply 7 - Posted by: joew9, 3/22/2013 11:57:36 PM     (No. 9239534)

Solar energy has it´s place. But it must be remembered that it is about 10 times more expensive than buying electricity from the power company. So the whole decision is based on how much it will cost for the power company to run the wires. But the wires will last a very long time - typically longer than a human lives. The solar panels will not last as long as a single presidential term.

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Reply 8 - Posted by: Spidey, 3/23/2013 3:25:23 AM     (No. 9239607)

You acn´t make a business work without a natural demand for the product. The left wound up with the cart before the horse on this one. Theoretically,if cap and trade had passed,it would have made traditional energy much more expensive,creating a false market for wind and power.

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Reply 9 - Posted by: Trigger2, 3/23/2013 6:36:58 AM     (No. 9239672)

This green BS sucked the life out of taxpayers everywhere.

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Reply 10 - Posted by: Islander, 3/23/2013 10:20:10 PM     (No. 9240858)

Translation: Not enough subsidy.


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Associated Press, by Staff    Original Article
Posted By: heartsurgeon- 3/22/2013 9:07:11 PM     Post Reply
German engineering company Bosch said Friday that it is abandoning its solar energy business, because there is no way to make it economically viable amid overcapacity and huge price pressure in the industry. The solar power industry has been hit by falling subsidies, weaker sales and increasingly stiff price competition, especially by Chinese manufacturers. Robert Bosch GmbH´s move came after German industrial conglomerate Siemens announced last October that it would give up its loss-making solar business. Bosch said that it will stop making products such as solar cells,

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WASHINGTON -- Senator John F. Kerry and his wife have agreed that should he become secretary of state they will divest nearly 100 separate investments in the United States and abroad -- ranging from oil companies to weapons makers and a Chinese food company -- in an effort to avoid conflicts of interest, according to a copy of his so-called ethics agreement. “I am committed to the highest standards of ethical conduct for government officials,” Kerry wrote in the agreement with the State Department’s ethics office. “...
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Posted By: heartsurgeon- 12/9/2012 1:08:18 PM     Post Reply
Maybe you´ve seen this newish SodaStream commercial that was banned in Europe but airs carefree in the U.S.? The one that features attractive people hitting the carbonating button atop their machines to make seltzer, but also thereby remotely detonating bottles of cola and orange soda in warehouses and bodegas, as if they were two-liter bogeymen? Last month, the U.K. regulator Clearcast banned the ad for "denigrating the soft drinks industry." The company insisted they didn´t mean to offend anyone, but, as stated in the commercial, using the appliance will spare the environment."With SodaStream you can save 2,000 bottles a year,"
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