Home > News > Sharp to Sign Joint Venture Agreement for Production of Thin-Film Solar Cells
January 4th, 2010
Sharp to Sign Joint Venture Agreement for Production of Thin-Film Solar Cells
Abstract:
Sharp Corporation (hereinafter "Sharp"), Enel Green Power (hereinafter "EGP"), and ST Microelectronics (hereinafter "STM") on January 4 signed a joint venture agreement for the production of thin-film solar cells. On the same day, Sharp and EGP signed a joint venture agreement for independent power producer business (IPP).
"Sharp, EGP and STM will first establish a joint venture company for solar cell production and then start the production of thin-film solar cells from the beginning of 2011, by utilizing the existing facility of STM in Catania Province, Sicily Region, Italy. The thin-film solar cell plant will start operation with an initial annual production capacity of 160MW, which is scheduled to be expanded to an annual production capacity of 480MW in the future. In addition to financing from the banks, this project will be funded by investments from each company of approximately 70 million euros each. The thin-film solar cells produced in this plant will be marketed mainly in Europe and the Mediterranean area through the sales networks of Sharp and EGP," Sharp informs.
Source:
finchannel.com
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