Germany's biggest solar module maker, Solarworld, has taken over the solar arm of Bosch. But the whole German solar sector is ailing under cheaper Asian competition and falling subsidies.
German solar panel maker Solarworld has filed for bankruptcy as the company found it increasingly difficult to sustain the uphill battle it was waging against rapidly sinking prices for solar panels worldwide.
Investment in renewable energy continues to grow at a record pace as countries look to move away from fossil fuel-based power production to eco-friendly generation. Over half of world's new solar capacity is in China.
Saudi Arabia and Japan's SoftBank have agreed to partner to build a massive, multibillion-dollar solar power project in the sunshine-rich Middle Eastern kingdom, which is looking to wean off its reliance on oil.
The technology that made bitcoin possible could solve key challenges of a renewables-based energy system. The race is on to radically change how to we consume and generate power.
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