Sharp considering sale of US solar energy unit

TOKYO, Sept 8 (Reuters) :  Sharp Corp  is looking to sell its US-based solar energy development unit Recurrent Energy, Bloomberg reported on Monday, as the Japanese firm winds down its involvement in the solar industry to focus on profitable businesses.
Sharp paid $305 million in cash in 2010 to acquire Recurrent Energy. Selling the company now would help Sharp to raise capital as it struggles to raise its equity ratio to a healthy level.
This year, Sharp shut down its UK solar plant and also pulled out of a venture with Italian energy firm Enel SpA  to make solar panels and generate solar power.