Sharp rejects new Recurrent sale talk

One of the four Recurrent Energy PV projects serving the Sacramento Municipal Utility District

A Recurrent Energy PV project in the US

Electronics giant Sharp has denied new claims in Japan that it is open to negotiations on the sale of US solar developer Recurrent Energy for roughly ¥20bn ($191m) in the new year.

A Sharp spokesperson dismissed as “speculation” a report by the Kyodo news agency stating that the group would try to sell San Francisco-based Recurrent to an energy producer or trading firm in Japan.

“We’re currently studying every possible way to restructure our business,” Sharp spokeswoman Miyuki Nakayama tells Recharge. “We’re certainly looking into our solar business as well, but we have not made a decision at this point, apart from the UK.”

Earlier this month, the company revealed plans to halt PV module production at its 400MW factory in Wrexham, North Log in to read complete article.

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