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Toshiba plans solar power push in Europe and U.S.

Tue, 08/24/2010 - 6:26pm
Reuters

TOKYO (Reuters) - Japan's Toshiba Corp said it plans to launch solar power projects in Europe and the United States, hoping to generate 150 billion yen ($1.8 billion) in overseas sales from solar power operations in the year to March 2016.

Toshiba will initiate the push with the construction of a 10 megawatt Bulgarian facility scheduled to come on stream next financial year.

The firm is also weighing forays into Italian and U.S. markets and aims to use its expertise in solar power plants to tap demand for smart-grid infrastructure, a market poised to grow worldwide, a Toshiba spokesman said.

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