Sanyo, Nippon Oil announce solar power tie-up
Tokyo, Jan 23, 2009, AFP/Google
http://www.google.com/hostednews/afp/article/
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Japan’s Sanyo Electric Co. and Nippon Oil Corp. said Friday they would collaborate to produce thin-film solar cells for large-scale power generation. The 50-50 joint venture will spend roughly 20 billion yen (226 million dollars) to build a factory in Japan that can annually produce enough solar cells to produce electricity worth 80 megawatts. The venture should have capacity of one gigawatt by March 2016 and two gigawatts by March 2021, when the companies estimate the solar cell market will be worth 10 trillion yen. (more…)