TOKYO, Mar. 27, 2009 (Kyodo News International) -- Toshiba Corp. (OOTC:TOSYY) is considering procuring solar panels from Sharp Corp. and other manufacturers to make a full-scale entry into the photovoltaic generation business to cover losses from its struggling semiconductor operations, informed sources said Friday.
Given expected growth in demand for such power generation to combat global warming, Toshiba plans to offer solar power (OTCBB:SOPW) generation systems for use at large-scale facilities such as factories and buildings, combining its existing technology with solar panels procured from other firms, the sources said.
The Japanese electronics firm produces no solar panels, but has strength in technology related to distributing electricity and accumulator batteries.
The deal would be also beneficial for Sharp, one of the world's largest solar panel makers, as it aims to nurture its solar-panel business into one of its key profit sources as its other operations, like liquid crystal display TVs and mobile phones, took a big blow from the global economic slump, the sources said.
Toshiba said in a statement Friday that it is considering various companies as prospective suppliers of solar panels. Sharp said in a separate statement the company is studying forging a strategic partnership on solar batteries with many firms.
Both companies denied having made any decision on the solar-power business.
(Source: iStockAnalyst )
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment