Bosch, Allianz sign agreement for construction of 1MW power stations

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Bosch Solar Energy and Allianz Climate Solutions have entered into a partnership for the planning, financing, and turnkey construction of large-scale PV power stations of approximately 1MW. The agreements have now been signed.

“Together, Bosch and Allianz have the international networks required to push photovoltaics ahead around the world,” said Peter Schneidewind, executive vice president of sales at Bosch Solar. “In the long term, we want to make photovoltaics a competitive technology in the energy mix and contribute to protecting the climate, even without subsidies,” said Armin Sandhövel, CEO of Allianz Climate Solutions.

Allianz Climate Solutions’ parent company, Allianz SE expects to invest approximately €500 million in the photovoltaics sector by 2012. Bosch Solar will assume responsibility for the technical side of operations, from planning to turnkey construction of the large-scale systems.

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