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
Already a subscriber? Sign In
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
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.
