With a turnover of USD$1.55 billion, its solar segment grew by an impressive 50.7 percent, in comparison to the previous year. The companys gross income also increased by 8.6 percent.
In terms of solar cells, Sharp delivered 579 megawatts (MWs) worldwide. It says that by the end of its financial year (March 2011), it expects the total sum to rise to 1,300 MWs.
Photovoltaics is one of the core business segment for Sharp, commented Peter Thiele, executive vice president of Sharp Energy Solution Europe. He went on to say that the company is investing heavily in increasing its production capacity and sees Europe as a future solar market.
Having built up capacities in Great Britain and Italy, the company says it is following its local production for local consumption strategy. This allows it to avoid exchange rate disadvantages, in addition to reducing transport routes and costs.
It concluded by saying that in terms of competitive advantages, it also sees entrances in established international markets, and in the development of so-called downstream business functions.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.