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

Tue, 08/24/2010 - 12:24pm
Reuters

BANGALORE (Reuters) - Toshiba Corp plans to construct solar power projects in Europe and the United States, hoping to generate 150 billion yen ($1.76 billion) in overseas sales from solar power operations in fiscal 2015, the Nikkei business daily reported.

Toshiba is initiating the push with the construction of a 10,000-kilowatt Bulgarian facility scheduled to come on stream next fiscal year, the paper said.

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

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