Sharp reaps Japan solar benefits

Soaring solar demand in Japan brought first-quarter cheer to electronics giant Sharp, which raised its PV shipment forecasts for 2013.

Operating profit from April-June sales of Sharp’s crystalline and thin-film PV cells and modules rose 8.1% from the first quarter of 2012 to ¥6.8bn ($69.2m).

Sales jumped to ¥84.3bn in the first quarter, roughly double a year earlier.

Sharp attributed the increase to strong residential and utility-scale demand for its PV modules in Japan.

A spokesperson tells Recharge that Sharp shipped 343MW of PV cells and modules in the first quarter, up from 253MW a year earlier but below the 503MW it delivered in the fourth quarter of 2012.

It expects to move Log in to read complete article.

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