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.
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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.
