Sharp to invest in new solar cell plant
TOKYO, JAPAN - Japanese consumer electronics maker Sharp Corp. said it would spend 72 billion yen ($729 million) to build a new solar cell plant in Sakai, western Japan.
Sharp said in July it would build the world's largest solar cell plant by March 2010, along with a 380 billion yen liquid crystal display (LCD) panel plant, but it did not disclose the size of capital investments for the solar cell factory.
Sharp competes with Germany's Q-Cells in solar cells. Solar companies around the world are expanding production capacity rapidly to meet growing demand for green energy to counter global warming.
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Power firms win UK subsidies for new Channel cables project
LONDON - New electricity cables across the Channel to France and Belgium will be a key part of keeping Britain’s lights on during winter in the early 2020s, after their owners won backup power subsidies in a government auction this week.
For the first time, interconnector operators successfully bid for a slice of hundreds of millions’ worth of contracts in the capacity market. That will help cut costs for consumers and squeeze out old coal power plants.
Three new interconnectors are currently being built to Europe, almost doubling existing capacity, with one along the Channel Tunnel and two on the seabed: one between Kent and…
