Expanding Efforts Overseas to Become a Total Solar Power Solution Company
In 2010, Sharp expanded its efforts to become a total solution company in the photovoltaic field on the global level. On July 30, 2010, Sharp, Enel Green Power (hereinafter "EGP"), and STMicroelectronics established 3Sun S.r.l., a joint venture company for the production of thin-film solar cells in Italy, which will start production in the second half of 2011. In addition, on July 22, Sharp and EGP established Enel Green Power & Sharp Solar Energy S.r.l, a joint venture of the two companies that will construct a number of solar power plants with a total power generation capacity of more than 500 MW by the end of 2016. The company will be extending its power producing business to Europe, the Middle East, and Africa with a focus on the Mediterranean region.
On November 4, in the US, Sharp completed the process of acquiring Recurrent Energy, LLC, a leading solar project company in the US that develops and markets solar power plants by collaborating with power companies.
Further, in Thailand, Sharp received an order for the construction of one of the world's largest solar power plants (power generation capacity: 73 MW), and to supply the thin-film solar cell modules for the plant.