The sun
Sharp's annual production of solar cells will be enough to generate 600 megawatts of power

Sharp bets $30m on solar power

New manufacturing technology to cope with silicon shortage

Simon Burns in Taipei

Sharp will soon expand its solar cell output by a factor of six, the Japanese electronics manufacturer announced yesterday. 

The company claims that the move will make it the world's largest manufacturer of solar power generation products.

Advertisement

New production lines will start rolling at the company's solar cell facility in Southern Japan later this month.

After the expansion, Sharp's total annual production capacity of pholtovoltaic solar cells will be enough to generate 600 megawatts of power, up from 100 megawatts today.

Solar panels with 600 megawatts of generation capacity would be enough to provide power for a city with a population of almost half a million.

Although Sharp does not publicly release details of its income from solar products, analysts from Nomura Securities have said that the company's "other electronic parts" business, which includes solar cells, saw strong operating profit growth of 22 per cent in the first quarter of the Japanese financial year. 

The same business unit went on to report a seven per cent rise in revenue in the most recent quarter, bringing its total quarterly revenue to $1.27bn.

"Photovoltaic systems are increasingly being used in Japan for industrial applications and are being installed on new residential construction in collaboration with home builders," Sharp announced.

"In Europe and the US, demand is expected to expand even further in the future, centred on industrial and commercial uses, thanks to the introduction of subsidies and implementation of policies mandating power buy-back programs by utilities."

  • Have your say
  • Send to a friend
  • Print
  • Digg
  • Reddit
  • Share

Tags:

Do you agree?

Further reading

Taiwan sees bright future for solar cells

Huge investments in renewable energy as oil prices bite

UK high street retailers warm to solar power

Currys to sell Sharp panels that could cut electricity bills by half

Solar-powered IT shines in the South Pacific

Samoa becomes first solar-powered cyber-community

Boffins chill out with solar-powered beer bottles

The best invention ever ... probably

Related whitepapers

Related jobs

Most watched

Social networking

Summit: How businesses should manage their brands online

In part one of V3.co.uk's interview with Dirk Singer, he dicusses social media monitoring strategies

RIM discusses new developer tools

Blackberry exec on the latest offerings for programmers

Analysis and Reports

Remote access - Three steps to getting connected

3.4 million UK professionals now work from home – is your company equipped?

Cost benefits of a global collaboration network

This white paper is a must read for organisations looking for evidence of the bottom-line benefits of high-definition video and voice communications

Poll

Impact of Information Overload poll

Impact of Information Overload poll

What is the biggest problem your firm faces as a result of the data explosion?

View poll results

Advertisement

White paper library

Keep up to date with the latest products, services and technologies from the world's leading IT companies; IThound.com brings you over 6,000 white papers, case studies and analyst reports.

Advertisement

Newsletter signup

Sign up for our range of FREE newsletters:

Existing User

Newsletter user login:

Enter email address to edit your newsletter preferences

Job of the week

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Hiring now on ComputingCareers:

Related IT jobs

Search thousands of IT jobs :

Search thousands of IT jobs:

Advanced search

Advertisement

Spotlight

Summit: Views From the Valley

V3.co.uk's US office weighs in on the information overload crisis

money

Summit: Managing information overload in a recession

Balancing exploding data with shrinking budgets

Chambers outlines Cisco's corporate plans

CEO describes broader company focus

Social networking

Summit: How businesses should manage their brands online

In part one of V3.co.uk's interview with Dirk Singer, he...

Primary Navigation