07 February 2012 16:08 [Source: ICIS news]
However, Siegfried Dais, Bosch’s deputy CEO, told German daily Frankfurter Allgemeine Zeitung in an interview and that the company has delayed until the end of 2012 a decision on when it will start construction at the project and which technology it will employ.
Dais said the project could only go ahead if it meets its “cost targets.”
Bosch, a large automotive supplier, entered the solar industry in 2008 and has since then invested some €2bn in the sector.
However, like others in the industry, Bosch‘s solar operations have come under pressure amid falling prices and excess capacities, especially because of competition from China-based suppliers.
Dais said the solar industry was in a consolidation phase. In five years, there would only be about 20 large suppliers on the market, he predicted.
“I can’t tell you where Bosch will rank in the industry then, but I can tell you that we will want to belong to those firms that are profitable,” he added.
($1 = € 0.76)
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