Solar venture

Last Updated: Saturday 04 July 2015

germany -based Siemens Solar GmbH (Siemens) and the Netherlands-based Shell Renewables (Shell) have recently reached an agreement to set up a joint venture company to manufacture products used in trapping solar energy. The two companies regard this as a key step for executing their ambitious targets for solar energy. The joint venture will start operations from April 2001.

"The only way to make solar power a major part of the energy industry is to show that it can be commercially successful," believes Philippe de Renzy Martin, former chief operating officer of Shell Solar. "The combination of two experienced solar companies will make this possible," Martin conceded. "Bundling of the complementary strengths of the partners will improve the potential to grow faster and expedite the worldwide implementation of solar energy," said Gernot Oswald, the current managing director of Siemens Solar.

Shell is involved in manufacturing and marketing solar photovoltaic cells, modules, systems and services. In terms of total output installed, Siemens Solar is a world leader in solar systems and its products are sold in over 90 countries.

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