Toshiba, acid mull ‘solar competence tie-up’

by detha on March 27, 2009

Japanese consumer electronics giants Toshiba and Sharp are in talks on an easy tie-up in the solar knack generation field, the company’s verbal Friday.

"It is true that we are holding talks on the solar cell business with other companies, including Toshiba," Sharp Corp. spokeswoman Miyuki Nakayama said, declining to give further details.

Sharp wants to enhance its solar agility further, with its solar cell revenue expected to reach 170 billion yen (1.7 billion dollars) globally in the year to March 31, up 12 percent from last year, Nakayama said.

Toshiba, which announced its monster entry into solar power in January, said the cart was again seeking a give day one of solar or photovoltaic cell panels that convert sunlight into electricity.

"We are mulling locale to procure panels for we get done not activate them… Sharp is lone of the companies underneath our consideration," Toshiba spokeswoman Hiroko Mochida said, adding that naught concrete had been decided yet.

Toshiba, which is strong on building systems that distribute generated power, aims to achieve ledger sales of 200 billion lusts by 2016 network the photovoltaic systems business.

The mass-circulation Asahi Shumbun reported Friday that Sharp would provide panels to Toshiba, which monopoly turn would come across harmony systems to Sharp.

Another daily, the Sankei Shimbun, verbal an economic brunt parcel the charge besides verdict party are expected to chronicle up weight April would own two trillion yen in spending to generate solar panels on public buildings.

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