Wednesday, November 22nd, 2017

Sharp to sell U.S. solar unit to Canadian Solar: report

A pedestrian walks past a logo of Sharp Corp at a train station in TokyoTOKYO (Reuters) – Japan's Sharp Corp is set to sell its U.S.-based solar energy development unit Recurrent Energy to Canadian Solar Inc for about 30 billion yen ($247 million), the Nikkei business daily said on Sunday. Sharp aims to reach a basic agreement with the Canadian firm by the end of the month and complete the sale by spring, the report said, without citing sources. The Japanese firm could not be immediately reached for comment. Sharp paid $305 million in cash in 2010 to acquire Recurrent Energy. …


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