Japan’s domestic shipments of solar-power devices will exceed 2.5 gigawatts in the year ending March 2013, said Mikio Katayama, chairman of the Japan Photovoltaic Energy Association, at a press conference.
Japanese companies may wait to invest in clean energy technology until the government determines renewable energy tariffs and a framework for deregulating the nation’s power industry, long monopolized by regional utilities.
Sharp Corp. , Japan’s biggest solar- panel maker, agreed to buy California’s Recurrent Energy for as much as $305 million to expand into building power plants as it faces more competition from Chinese panel manufacturers.
Billionaire Masayoshi Son has a track record in taking on monopolies after building a business that opened up the nation’s telecommunications industry. Now he aims to shake up Japan’s power utilities after the worst nuclear crisis in 25 years.
Foxconn Technology Group, maker of Apple Inc. iPads, plans to renegotiate the price of its investment in Sharp Corp. after the Japanese TV maker widened its loss forecast and the shares fell the most since 1974.