Siemens exits lighting with USD 1.4 billion sale of Osram stake

Siemens is exiting the lighting business, in which it has been involved for the better part of a century. Its remaining stake in a light manufacturer will raise over one billion for the shrinking conglomerate.

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German wind prices rise by one fifth

After dramatic price declines and major criticism of German onshore wind auctions, the average price saw a significant boost in the first auction since the provisional tightening of the rules for citizen projects. Solar power is thus cheaper than wind.

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