Tokyo (News Today) - Japanese electronics giant Sharp said Wednesday it would buy US solar power project developer Recurrent in an acquisition that would make the US company a wholly-owned subsidiary.
Recurrent said the deal could be worth up to 305 million dollars and was expected to close before the end of the year, with Sharp taking a 100 percent stake. In a statement, Sharp said the deal was made in anticipation of “greatly” increasing demand for solar power in North America as the number of related projects rises.
Recurrent, an independent power producer in the United States, develops and markets solar power plants by collaborating with power companies.
Source : kompas
Sunday, September 26, 2010
Japan's Sharp to Buy US Solar Power Firm
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