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.
Sharp considering sale of US solar energy unit
FE Team | Published: September 09, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
A pedestrian walks past a logo of Sharp Corp at a train station in Tokyo recently. — Reuters Photo
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