Company News

Bosch puts on hold solar plant in Malaysia

In a statement released, the firm says it is committed to the plant in Malaysia, in line with its globalisation target to further reduce costs and increase energy yields. Construction of the plant was scheduled for the end of last year with production to start by the end of 2013.

The firm also said that photovoltaics has long-term business potential and "will play a major part in the progressive move to new sources of energy."

The company's solar operations posted revenue of EUR800 million last year, failing to meet the year's target of more than EUR1 billion. But the company says it is pushing ahead "on the path for internationalisation of photovoltaics, despite the current difficult market environment". The market has recently been beset by an overcapacity situation and a slowdown.

When completed, the plant will have an annual capacity of 800 megawatts peak (MWp) for wafers and 620MWp peak for cells. This would be on top of producing solar power plants with a total output of 640MWp and module production lines of 150MWp.