Integration into Bosch Group's Solar Energy Division largely complete

Brandenburg/Erfurt, Germany [WorldofRenewables.com]

Advertisement

Brandenburg-based Johanna Solar Technology GmbH will now be known as Bosch Solar CISTech GmbH. The company will change its corporate design accordingly when the new name is entered into the Commercial Registry on September 1st, 2010. Integration into the Bosch Group’s Solar Energy Division will thus be largely complete. Starting September, the company will be added to the internet presence at www.bosch-solarenergy.de.

The Bosch Group entered the photovoltaics industry in 2008, when it acquired the Erfurt-based ersol group, now known as Bosch Solar Energy AG. It further expanded its photovoltaics operations a year later, after securing majority stakes in Johanna Solar Technology GmbH and aleo solar AG, based in Oldenburg and Prenzlau.

About Bosch Sola CISTech:
Bosch Solar CISTech GmbH is a developer and manufacturer of thin film solar modules of the latest generation. These high performance modules are based on copper, indium, gallium, sulphur and selenium – also known as CIS or CIGSSe. In the first expanansion stage, the nominal capacity of the production plant in Brandenburg an der Havel, Germany, is 30 MW. Bosch Solar CISTech started its production in 2008 and the company currently employs about 150 people. Since December 2009, Bosch Solar CISTech is part of the Bosch Group.

Additional information can be accessed at www.bosch-solarenergy.de.

About Bosch:
The Bosch Group is a leading global supplier of technology and services. In the areas of automotive and industrial technology, consumer goods, and building technology, some 275,000 associates generated sales of 38.2 billion euros in fiscal 2009. The Bosch Group comprises Robert Bosch GmbH and its more than 300 subsidiaries and regional companies in over 60 countries. If its sales and service partners are included, then Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for growth. Each year, Bosch spends more than 3.5 billion euros for research and development, and applies for some 3,800 patents worldwide. With all its products and services, Bosch enhances the quality of life by providing solutions which are both innovative and beneficial.

The company was set up in Stuttgart in 1886 by Robert Bosch (1861-1942) as “Workshop for Precision Mechanics and Electrical Engineering.” The special ownership structure of Robert Bosch GmbH guarantees the entrepreneurial freedom of the Bosch Group, making it possible for the company to plan over the long term and to undertake significant up-front investments in the safeguarding of its future. Ninety-two percent of the share capital of Robert Bosch GmbH is held by Robert Bosch Stiftung GmbH, a charitable foundation. The majority of voting rights are held by Robert Bosch Industrietreuhand KG, an industrial trust. The entrepreneurial ownership functions are carried out by the trust. The remaining shares are held by the Bosch family and by Robert Bosch GmbH.

Additional information can be accessed at www.bosch.com.

This information is available for download here:

http://www.bosch-presse.de/TBWebDB/en-US/PressText.cfm?id=4822

Announcement from our Chairman, David C BarclayThe World Renewable Energy Association are delighted to announce the launch of a brand-new initiative exclusively for its members. The Renewable Energy Finance Hub has been launched following the largest survey undertaken with UK businesses conducted by WoREA in conjunction with the UK Government and its partners. Reduce your businesses carbon footprint today and begin your journey towards net zero!