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Sharp, Enel to sign JV for photovoltaic power biz

Posted: 02 Dec 2008     Print Version  Bookmark and Share

Keywords:joint venture  independent power producer  photovoltaic power  thin-film solar cells 

Sharp Corp. and Enel SpA, a power company in Italy, will establish a joint venture in the spring of 2009 to operate as an independent power producer (IPP) and will develop photovoltaic power plants with a total capacity of 189MW by the end of 2012.

The photovoltaic power plants will be set up mainly in southern Italy and will utilise 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 towards further strengthening their cooperative relationship.

Regarding cooperation in the production of thin-film solar cells, the plan is for Sharp, Enel, and a third European manufacturing company to construct a thin-film solar cell plant in Italy with the potential to expand annual production capacity to around 1 GW in the future. The initial phase of development will put in place a production system having an annual capacity of 480 MW, 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*2 summit held in July 2008, namely, a "Mediterranean solar plan" that aims to develop power generating facilities with a capacity of 20 GW by 2020. With an eye to such a plan, 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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