Thursday, June 20, 2013

The German Solar Disaster: 21 Billion Euros Burned

Thiemo Heeg Frankfurter Allgemeine Zeitung Date: 19/06/13

Large German companies such as Siemens and Bosch are abandoning the solar industry. Their strategies resulted in debacles – their investments in solar power companies cost them billions. Compared to what investors have lost as a result of their investments in solar stocks, however, these sums are almost negligible amounts. The former stars at the stock exchange, SolarWorld and Q-Cells, have destroyed tens of billions of capital. --Thiemo Heeg, Frankfurter Allgemeine Zeitung, 18 June 2013

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