Bosch Says No To Solar Business

BOSCH
By Dr. Tyra Oldham, March 26, 2013

Companies and governments have taken a deep dive into alternative energy later to determine profitability is not possible. Further, understanding that an industry succeeds as the cost of materials fall. One may ask what feasibility was performed and under what pressure were the results scrutinized. The issue among the intelligence age is the comfort companies have with their good ole’ relationships that report the data companies want to hear while performing feasibility in a vacuum versus placing muscle on structure of the analyses to test its rigor. The story “Bosch Shuts Down Solar Business, Suffers Steep Losses” from Forbes is a result of wanting big when the market says moves in steps.

“Bosch, the multinational engineering and electronics conglomerate based in Gerlingen, Germany, is pulling the plug on its solar energy business. Bosch Solar Energy has struggled to compete in crystalline photovoltaics amid a global supply glut that has depressed solar PV module prices. Bosch said it would unwind the solar power venture and shut down manufacturing ingots, wafers, cells and modules in early 2014. Bosch’s total potential losses in the solar space have been estimated to be as high as $3.1 billion, according to PV Tech.”
“In an interview (quoted at length below) in BoschZünderOnline, Bosch board members, Franz Fehrenbach and Dr. Volkmar Denner, explained the rationale for shutting down the solar business, which will ultimately result in an estimated 3,000 layoffs.”

Denner offered, “last year, we sustained a loss of one billion euros. Changing market conditions mean that we couldn’t see any chance of a lasting improvement. We couldn’t offset such enormous and unrelenting price pressure in a market that is becoming ever more difficult. Even though we reduced our manufacturing costs significantly in 2012, it wasn’t enough to compensate for the fall in prices of up to 40 percent. Nearly the entire solar industry is currently deep in the red worldwide.”

Further, “last year, Bosch comprehensively examined every aspect of its solar business. We considered the latest technological advances, additional ways of reducing costs, as well as possible partnerships. However, none of these possibilities offered a solution that would be economically viable over the long term.”

We work and live in a “Big Data” world yet, most of the data is unstructured and needs curation. Companies that continue to manage based on the size of purse strings and the expansiveness of their carbon footprint but fail to recognize data and business intelligence are not tactical. The role of energy puzzle is to invest in data capturing and models that aggregate information considering culture, ecosystem, trends and capacity for right-fit steps in developing business units. The task of leaders and professionals are to recognize the world is changing and that companies that are big can fail and fail forward.

We hope that the willingness for Bosch to move away for solar will not trigger others to run. The harsh reality it is hard to compete with China’s model of production.

Advertisements

LANDsds Sustainable Voice is a news platform to share interconnected ideas, innovation and observation-The Nexuses.

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , ,
Posted in Asia, Business, Carbon Footprint, Economics, Energy, Energy Investment, Energy Speculators, Europe, Renewables Alternatives, Solar, Technology, World News

Have a Sustainable Day My Friend!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

land@landsds.com

Nexuses Images
Skinny Budget Slashing Budget Making some #Zen
What’s TRENDING This WEEK:

July 4, 2015
Fourth of July!

July 3, 2015
Aetna Buys Humana

June 26,2015
The US Supreme Court votes for gay marriage.

June 25, 2015
The US nation's healthcare, Obamacare was upheld by the Supreme Court today.

April 28, 2015
The Marriage Gay Rights decision from Supreme Court

April 27, 2015
Outburst and acts of violence in Baltimore after the funeral of Mr. Freddy Gray, 25 Black male

April 27, 2015
Chipotle Mexican Restaurant Chain decides no Genetically Modified Ingredients (GMO) to be served

April 27, 2015
Loretta Lynch, sworn in as first Black Woman Attorney General of the United States

April 26 -27, 2015
Tragedy in Nepal as 7,000 Reported Dead from Earthquake and Tremors

April 25, 2015
White House Correspondence Dinner in full swing. Jokes, Pundits and Politics

April 9, 2015
Walter Scott killed by police officer in South Carolina. The crime witnessed and video taped by Feiden Santana.

April 7, 2015
Billie Holiday 100th Birthday anniversary

April 2, 2015
Storm and hail expected through south and east.

April 1, 2015
California's drought will change the way the state operates

Nexuses Top News & Pages
We are glad your here!
  • Hunting Big Game: Why People Kill Animals for Fun
    Thousands of people each year visit wild spaces across Africa with guns in hand. They’re playing a dangerous game -- Read more on ScientificAmerican.com
  • Trees Beat Lawns for Water Hungry L.A.
    Evaporation from overwatered lawns cost the city of Los Angeles 70 billion gallons of wasted water a year. But the city's trees were much thriftier. Christopher Intagliata reports. -- Read more on ScientificAmerican.com
Nexuses
Archives

LANDsds is the Green Sustainability Voice is dedicated to green, sustainability, green-tech and business contact us at land@landsds.com.

  • An error has occurred; the feed is probably down. Try again later.
  • Innovative Architecture Plyscrapers in Paris June 16, 2015
      Michael Green proposes plyscrapers for Paris  June 16, 2015 LANDsds Sustainable Voice News Vancouver architect Michael Green wrote the book on timber towers, and has made a name for himself building North America’s tallest. He is also great at that…Read more ›
    LANDsds Sustainable Voice News
  • Turning Miami into Next Silicon Valey June 1, 2015
    June 1, 2015 LANDsds Sustainable Voice News SHoP Architects has teamed up with West 8 to design a four-block development, aimed specifically at attracting technology businesses and turning Miami into “Florida’s Silicon Valley”. Located in Miami’s Park West neighbourhood, the 10-acre…Read more ›
    LANDsds Sustainable Voice News
  • BP Settles on Oil Spill for $18.7 Billion July 2, 2015
    July 2, 2015 LANDsdsSustainable Voice News   Big news as “BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill” settled to support the environmental damage in 2010. “The federal government and the Gulf Coast states have reached a tentative…Read more ›
    LANDsds Sustainable Voice News
  • US Puerto Rico In Debt Crisis June 30, 2015
    June 30, 2015 By Dr. Tyra Oldham, LANDsds Sustainable Voice News As we the focus on Greece, Puerto Rico is in trouble. Puerto Rico a travel economy with cheap wages and high energy cost is under water. Puerto Rico a part of US…Read more ›
    LANDsds Sustainable Voice News
%d bloggers like this: