Financial News

Sharp Begins Solar Maintenance Business in Asia

Agreement Signed with NED to Provide Maintenance Service for Large Solar Power Generation Plant

Osaka, Sept 9, 2011 - (ACN Newswire) - Sharp Corporation has recently signed an agreement to provide maintenance service for a mega-solar power generation plant(1)(73 MW) in the Kingdom of Thailand. This plant, which will be one of the world's largest(2), will be operated by NED(3), a major independent power producer in that country. Sharp was awarded the construction contract for this power plant and has also received an order to provide thin-film solar cell modules and related peripheral systems. Construction began in August 2010, and is currently in progress. Sharp Solar Maintenance Asia Co., Ltd. (SSMA)(4) was established in March of this year, and will begin maintenance service for this large-scale solar power plant in coordination with the start of operations, which is scheduled for the end of 2011. The thin-film solar cells used in this plant offer outstanding power generating performance - thanks to good temperature coefficient - particularly in low-latitude regions and in climates with high ambient temperatures, and it is anticipated that they will be installed at other large-scale solar power plants throughout Asia. In the future, SSMA will meet the needs for maintenance at mega-solar projects in Thailand and Asia, which are expected to grow in number in the coming years. In the maintenance of solar power facilities, specially trained and educated personnel perform inspections and service all parts of the system, including solar modules and power conditioners, as well as maintain the environment in the plant as a whole. This work supports the long-term operation of power generation projects by ensuring that large-scale solar power plants run reliably and provide stable power generation. As a total solutions company in the solar energy field - extending from the manufacture and marketing of solar photovoltaic modules, to system design and construction of large-scale solar power plants, and now, to service and maintenance - Sharp is helping to improve the long-term reliability of solar-generated electricity and ensure a stable supply of electric power. (1) Currently under construction along with two Thai companies: major construction company ITD (Italian-Thai Development Public Company Limited) and its related company, ITE (ITALTHAI Engineering Co., Ltd.). ITD: The largest construction company in the Kingdom of Thailand. ITD has wide experience in Thailand and global markets for the construction of public facilities such as international airports, hydraulic power plants as well as commercial buildings. ITE: ITE provides a wide range of services including electricity supply and design of buildings and facilities. (2) As of September 9, 2011.

(3) NED: Natural Energy Development Co., Ltd. A joint venture company established by DGA (Diamond Generating Asia, Limited, a wholly owned subsidiary of Mitsubishi Corporation, that controls IPP business in Southeast Asia and Taiwan), CLP (CLP Holdings Limited, the largest private power company in Asia, head office in Hong Kong), and EGCO (Electricity Generating Public Company Limited, the leading IPP company in the Kingdom of Thailand). The joint venture company supports the planning, funding, and management of the power generation business.

(4) SSMA is a subsidiary of Sharp Corporation established on March 21, 2011, to provide repair and maintenance services for large-scale solar power plants in Asia.

About Sharp Corporation

Sharp Corporation (TSE: 6753) is a worldwide developer of innovative products and core technologies that play a key role in shaping the future of electronics. As a leader in liquid crystal displays (LCDs) and digital technologies, Sharp offers one of the broadest and most advanced lines of consumer electronics, information products and electronic components, while also creating new network businesses. For more information, please visit www.sharp.co.jp

Source: Sharp Corporation

Contact:

Sharp Corporation
Corporate PR Team
Tel: +81-6-6621-1272
Fax: +81-6-6628-1667

Copyright 2011 ACN Newswire. All rights reserved.

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