Sharp and Enel to set up solar plants in Italy: report


AFP

TOKYO — Japanese electronics maker Sharp Corp. has agreed with Enel SpA to jointly set up solar power plants in Italy, a newspaper said Sunday. Sharp, one of the world’s largest makers of solar power panels, and the second largest power company in Europe plan to begin operation by 2011, the Nikkei business daily said.

The solar power plants will have a combined output capacity of more than 160 megawatts which will be one of the world’s largest solar power operations, the newspaper said. The two firms are also considering building a plant in Italy to produce thin-film solar cell panels with the investment possibly amounting to several tens of billions of yen (hundreds of millions of dollars), it said.