Siemens Solar GmbH and Shell International Renewables Limited (Shell)
announced today that they have entered into negotiations on closer
co-operation in solar energy. For over 10 years Siemens Solar and Shell
have been linked through two
joint ventures in Asia. Now exclusive
discussions are being held 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
photovoltaics.
Siemens Solar GmbH is a joint venture of Siemens AG and E.ON Energie
AG. In terms of total output installed, the company is a world leader in solar
systems. Siemens Solar sells its products in over 90 countries and
employs about 600 people.
Shell is involved in the manufacturing and marketing of solar photovoltaic
cells, modules, systems and services. Manufacturing facilities are operated
in
Germany, the
Netherlands, India and Japan. Sales and marketing
operations have been established in Germany, the Netherlands, India, Sri
Lanka, the
Philippines and
South Africa.