SoftBank, Sharp Consider Venture for Solar Engineering Services

(Bloomberg) — SoftBank Group Corp. is considering setting
up a venture with Sharp Corp. to provide engineering,
procurement and construction services for developers of solar

The partners also plan to offer operations and maintenance
services for solar stations, Kenichi Yuasa, a spokesman for SB
Energy Corp., the clean-energy projects unit wholly owned by
SoftBank, said by phone Thursday.

The venture, in which SB Energy will have a majority, plans
to start operations early next year, the Nikkei newspaper
reported earlier, without saying where it got the information.
SB Energy plans to announce a decision as early as December,
Yuasa said.

The venture expects to cut costs to set up solar-power
stations by working together and sourcing supplies and services
directly, he said.

Sharp has been reorganizing its solar business to focus on
its home market. The Osaka-based company has been developing
solar panels since 1959.

To contact the reporter on this story:
Chisaki Watanabe in Tokyo at

To contact the editors responsible for this story:
Reed Landberg at
Iain Wilson, Indranil Ghosh

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