Siemens says it will now focus all of its renewable energy activities on wind and hydropower, which it expects to be the biggest contributors to growth.
The company had previously said that its concentrating solar power (CSP) activities were under review.
“Investments in this area, not just for us but for others, were not worthwhile,” said Siemens chief executive Peter Löscher in July while discussing the group’s financial third-quarter results.
Today
