Sharp plans joint solar venture with Enel
Tokyo, November 27, 2008
Source: Reuters/International Herald Tribune
http://www.iht.com/articles/2008/11/27/business/sharp.php
Sharp of Japan, Enel of Italy and a third manufacturer will invest more than $2.6 billion in Italian solar power ventures to tap growing demand for cleaner energy. Top solar power firms are hurrying to expand capacity even as the sector smarts from a worsening global economy, which is drying up financing for new ventures and forcing smaller solar power firms to push back investment. Sharp, the world’s No.2 maker of solar cells after the German company Q-Cells, said it and Enel planned to spend about ¥100 billion, or $1.05 billion, to set up solar power generating plants in Italy with a total generating capacity of 189 megawatts by the end of 2012. (more…)