Siemens, Germany’s giant electronics firm, appears to be in final stages of pulling out from its investment in Israel’s Solel Solar initiative. The four-year project began in 2009, when Siemens entered into an agreement to buy the Israeli solar company. The beleaguered solar energy projects company received what seems to be a death knell.
Calling all windy Middle East and Mediterranean countries. German giant Siemens is looking for your offshore wind. The German industrial giant Siemens, a 165 year-old company, shocked us a bit with the news that it would be selling off its half billion dollar investment in Solel, an Israeli solar energy company that it bought in 2009. At […]
Even as some solar projects are just taking flight in Israel, underlining a new wave of optimism about the technology’s ability to succeed in the country, other solar giants are taking their leave of Israel. International energy and infrastructure giant, Siemens, announced last Monday that it was closing down its Siemens-Solel plant in Beit Shemesh, Israel. In […]
This is big news in the solar world: German giant Siemens, which recently unveiled photographs of its new headquarters in Masdar City, has recently announced that it’s selling off all of its solar assets, including Solel, an Israeli solar builder that the firm only acquired within the last few years for $418 million. “Due to […]
Aora fires up its “sun” flower in the desert. But Israel is not doing enough for itself, says UN. Despite successful companies like Solel and BrightSource, Israel itself is not producing enough power from solar energy, says Cristophe Bouvier, the regional director for Europe at the UN Environment Program, who recently summoned an Israeli delegate […]
BrightSource solar energy company could be part of the alternative energy solution. Israeli Prime Minister Benjamin Netanyahu appears to be interested in leading his country away from its current dependence on imported oil and into various forms of alternative energy. But he wants his vision to go far beyond the borders of the tiny State […]
They are on investors’ hit lists and the green tech media is keen to monitor their progress. Key policy makers from the United States urge them on. Israeli solar technology innovators are channelling and shaping the sun’s energy and breaking the world’s dependence on oil. With organizations like the Cleantech Group, an international business development […]
It’s getting really hot over here in the Middle East – at least when it comes to solar energy investing and buying. Siemens, reports Haaretz today, just bought Israel’s solar energy company Solel yesterday for a scorching hot price tag of $418 million USD. The news between Siemens and Solel was already bubbling back in July, […]