Germany's Bosch to quit PV game

German engineering giant Robert Bosch says it will cut its losses and walk away from the solar-energy business, affecting more than 3,000 workers, and putting an exclamation point on one of the most jarring weeks in the PV industry’s history.

Bosch’s announcement was blunt and comprehensive, leaving no room for doubt about any of its PV activities.

Among the measures it intends to take are binning a planned 640MW PV factory in Malaysia, which was postponed last year; selling its stake in loss-making German PV manufacturer aleo solar; offloading its module plant in France; and immediately scrapping all solar-related development and marketing activities.

The €50bn ($64.6bn) group, among the world's largest suppliers of automotive parts, announced the closure of thin-film PV production in Germany last autumn.

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