Corporate News

SANYO and Nippon Oil Corporation Establish Thin-film Solar Cell Joint Company

 

SANYO Electric Co., Ltd. (Head Office: Moriguchi-shi, Osaka; President: Seiichiro Sano) and Nippon Oil Corporation (Head Office: Minato-ku, Tokyo; President: Shinji Nishio) today announced that they have decided to launch a joint company for the production and sale of thin-film solar panels, to be named SANYO ENEOS Solar Co., Ltd.

 

With the growing awareness of climate change, realizing a low-carbon society is becoming a common global challenge. In addition, the worldwide economic stagnation triggered by the financial crisis is becoming more severe. To address these problems, the United States has put forward a new proactive policy and a movement to actively introduce clean, unlimited solar energy as an unlimited resource is progressing significantly. The trend is expected to first involve European countries, and then spread to a global scale. Among all the types of solar products, thin-film solar panels are able to achieve lower costs for large-scale power generation systems with a market that is expected to rapidly expand in the future.

 

For this joint project, SANYO will draw on its solar cell technologies, based on…

  

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