Bosch follows Siemens out the door of Desertec renewable energy project
Tuesday, November 20, 2012 - 06:00
in Mathematics & Economics
(Phys.org)—Another German industrial giant has bailed out of the Desertec project, which is trying to safeguard the future of a green Europe with expanded use of renewable energy. Bosch has confirmed that it will no longer be a member of Desertec by the end of this year. A spokeswoman for Bosch told Reuters that "economic conditions (do) not allow a continuation of its membership." This marks the second German company to leave the consortium. News broke last month that German industrial giant Siemens was leaving Desertec too.