Solar Energy Companies to Co-Operate

Two of the larger solar energy companies in the world will work closely to promote solar photovoltaic.

AMSTERDAM, The Netherlands – Siemens Solar GmbH and Shell International Renewables Limited have entered negotiations on closer co-operation in solar energy. For the past ten years, the two companies have been linked through two joint ventures in Asia, Siemens Showa Solar Ltd. of Singapore and Showa Solar Energy KK of Tokyo. The latest discussions involve exclusive discussions to determine how the co-operation can be expanded through a joint venture of their respective global solar businesses, a move seen as having mutual benefit in improving their position in solar PV. Financial details were not disclosed. Siemens Solar is a joint venture of Siemens AG and E.ON Energie AG. In terms of total output installed, the company sells its products in 90 countries and employs 600 people. The Siemens Solar Group also includes Siemens Solar Industries L.P. of Camarillo, California. In its last fiscal year, the company reported revenues of 100 million Euro and has shipped PV cells and modules with a cumulative peak power of 200 MW. Shell is involved in the manufacturing and marketing of solar PV cells, modules, systems and services. Manufacturing facilities are operated in Germany, the Netherlands, India and Japan. Established as a core business for the Royal Dutch/Shell Group in 1997, Shell Renewables provides renewable energy solutions and concentrates on PV, wind and biomass. Its focus in solar is to sell integrated systems for both grid connected and rural electrification applications.

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