The large-scale solar PV systems set to be built will have an output of at least 1 MW.

“Together, Bosch and Allianz have the international networks required to push photovoltaics ahead around the world,” says Peter Schneidewind, Executive Vice President Sales at Bosch Solar Energy.

“In the long term, we want to make photovoltaics a competitive technology in the energy mix and contribute to protecting the climate, even without subsidies,” adds Armin Sandhövel, CEO of Allianz Climate Solutions.

Allianz Climate Solutions advises investors on photovoltaics projects worldwide. Allianz SE, its parent company, expects to invest some 500 million euros in the solar energy sector by 2012.