Siemens pulls out of loss-making solar power business

German industrial group to concentrate renewable energy business on wind and hydroelectric power German industrial group Siemens is pulling out of its loss-making solar power business, in the latest sign of difficulties in the renewable energy market. The company said on Monday it would concentrate its renewable energy business on wind and hydroelectric power in a bid to increase productivity. It hopes to sell the unit and is in talks with possible buyers. Siemens said the solar business had not...