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Sharp, Enel ink solar cell joint venture

Posted: 02 Dec 2008 ?? ?Print Version ?Bookmark and Share

Keywords:solar cell? photovoltaic plant? joint venture?

Sharp Corp. and Italy's Enel SpA have agreed to create a joint venture that will operate as an independent power producer (IPP) and develop a number of photovoltaic power plants with a total capacity of 189MW by the end of 2012.

A number of photovoltaic power plants will be set up mainly in southern Italy and will utilize thin-film solar cells, which offer superior power generating efficiency in hot-climate regions. The two companies are looking into expanding their IPP business in the future to cover countries of the Mediterranean region other than Italy with a view toward further strengthening their cooperative relationship.

Sharp, Enel and a third European manufacturing company plan to build a thin-film solar cell plant in Italy with the potential to expand annual production capacity to around 1GW in the future. The initial phase of development will put in place a production system having an annual capacity of 480MW, with the aim of starting operations around the middle of 2010.

The three companies are working out the details of establishing the joint venture to manufacture thin-film solar cells in Italy, and plan to sign a memorandum of understanding in December.

Geographically, Italy lies at the heart of a project adopted at the Union for the Mediterranean summit held in July 2008, namely, a "Mediterranean solar plan" that aims to develop power generating facilities with a capacity of 20GW by 2020. Sharp and Enel will work together in the future with the goal of strategically expanding renewable energy in Europe, including in the Mediterranean region.

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