On January 20, Sharp Corporation (hereinafter “Sharp”), Enel Green Power (hereinafter “EGP”), and STMicroelectronics (hereinafter “STM”) made a joint announcement in Rome, Italy, on the establishment of a joint venture for production of thin-film solar cells*1 and one for IPP business*2 ,mainly in Europe.
On January 4, the joint venture agreement was signed by the three partner companies. Today, Katsuhiko Machida, chairman and CEO of Sharp, Mr. Fulvio Conti, CEO of Enel, and Mr. Carlo Bozotti, President and CEO of STMicroelectronics made an announcement to government officials, industry members, and journalists concerning the details of these joint ventures.
In the joint venture of the three companies, Sharp will provide technical assistance in the starting of the initial operation, the introduction of production processes, and technical support in the plant. In the joint venture for IPP business to be established with EGP, Sharp will utilize the leading edge thin-film solar cell technology.
The significance of IPP business is increasing in the environment and energy policies of European countries. With its technology and production know-how, Sharp will continue to support these joint venture projects.
Prior to the joint announcement, Katsuhiko Machida was awarded the International Leonardo Prize 2009*3 by President Giorgio Napolitano of the Italian Republic. This award commends the innovative business model of solar power generation by Sharp, Enel, and EGP, and their contribution to the economy and technology fields of the Italy-Japan relationship.
Through collaboration with a power company, Sharp aims to become a total solution company in the photovoltaic field, initiating the world’s first business model extending from thin-film solar cell production to IPP business.