Following its exit from PV module manufacturing in 2012, industrial technology firm SCHOTT is seeking a partner to take a majority shareholding in its Concentrated Solar Power (CPS) division.
The CPS division makes the receivers for CSP parabolic trough power plants.
This article requires Premium SubscriptionBasic (FREE) Subscription
Unlock unlimited access for 12 whole months of distinctive global analysis
Photovoltaics International is now included.
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Unlimited digital access to the PV Tech Power journal catalogue
- Unlimited digital access to the Photovoltaics International journal catalogue
- Access to more than 1,000 technical papers
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The company noted that market conditions for CSP projects remained “difficult,” adding that its CPS division had been moved to ‘discontinued operations’ on its balance sheet.
Dr. Frank Heinricht, Chairman of SCOTT said in statement: “Our goal is to enter into a strategic partnership in this field. In fact, we are even willing to consider selling the majority of our shares.”
The company also has its Thin film operations for sale.