Sharp’s first half figures show 80% leap in sales

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email

Japanese electronics manufacturer Sharp has seen sales of its solar cells increase by over 80% in the first half of this financial year compared to the same period in 2012.

The increase was driven by strong domestic demand for solar cells in both utility scale and residential sectors, the company said in its financial results to the end of September 2013.

The first half of 2012 showed sales of Y93 billion (US$946 million) while for the equivalent period of this year, solar cell sales totalled Y168 billion (US$1.7 billion).

Sharp said it would secure further profitability by continuing to expand its sales in the booming Japanese market in line with “steady demand”.

The company identified three clear sectors for its future solar business: residential, industrial (utility scale and ‘mega’ solar) and overseas.

In residential, this will include expanding product ranges for various roof types and increasing investment in home energy management systems (HEMS) and storage systems as well as boosting sales and marketing activity.

For large scale and utility in the industrial segment, Sharp said it would continue with the steady completion of installations and “increase sales based on strengthened product supply and servicing systems, and acquire mega-solar power generation projects through enhanced design and sales function”.

The company also announced that it would “expand its solution and developer business” in the overseas market.

As of 1 April this year the group reorganised its divisions, moving its solar cell business from ‘electronic components’ to ‘product business’, which boosted the performance of the division, Sharp said. Product business includes LCD colour televisions and other consumer electronics.

Sharp issued 408,000,000 shares by public offering at Y279 (US$2.84) per share earlier in the month, along with 42,000,000 shares sold at Y267.36 (US$2.72) per share to Japanese financial institution Nomura. Funds raised by the latest sale and capital from previously issued shares will be reinvested in full, according to the company’s reports. The company declared that part of this will be invested in a new product combining building materials and consumer electronics.

A recent report released by Yano Research Institute indicated that demand for large scale solar in Japan is expected to fall rapidly after 2014. Along with Sharp, other Japanese consumer electronics companies including Panasonic are expected to consolidate business efforts further in the residential sector, including building integrated design.

Meanwhile Sharp’s UK solar module assembly plant in Wrexham, Wales, was reported by PV-Tech to be near full capacity in early September due to demand in the European residential market.

28 July 2021
LONGi has launched its Hi-MO N module, the company's first bifacial module with N-type TOPCon cells, designed to deliver ultra- high value and lower LCOE to utility-scale PV power plants. This PV TechTalk Product Series webinar will provide an overview of the module’s technology and how the introduction of n-type technologies will provide efficiency and performance gains for solar project developers.
29 July 2021
This free webinar will explore the ongoing opportunities in the UK solar PV market, looking at global technology trends and how they apply to the UK. Join us for an overview of the project pipeline and forecast for deployment over the coming years. We'll be looking at the types of modules available and being used in the UK and presenting a case study on the deployment of bifacial modules in this market.
19 August 2021
The utility-scale PV market is poised for exponential growth and yet the industry still has many fundamental opportunities to improve on standards and best practice. Tracker shade loss has been one of those topics that deserve more attention, but has been typically handled by derate factors rather than trying to accurately forecast the loss over the life of the system. Join Nextracker’s subject matter experts, Aron Dobos and Neelesh Umachandran, and Rounak Kharait, director of solar energy assessments at DNV, for a webinar about why shade modeling matters and recommendations on what the solar industry should do about it.
25 August 2021
Energy Next is a new industry exhibition focusing on the latest renewable energy and energy efficiency technology, which will be held for the first time in 2021 in Sydney, Australia alongside the Clean Energy Council’s Australian Clean Energy Summit, the peak gathering of leaders driving Australia's energy transformation. Organised by the same people behind Australia’s largest clean energy event, All-Energy Australia, Energy Next will give visitors two days of access to key suppliers in the industry, free-to-attend professional development and industry workshops, and networking opportunities to better understand clean energy issues and solutions and learn about the latest developments in this transformational, dynamic sector.
25 August 2021
The Intersolar Summit Brasil Nordeste takes place in Fortaleza, Brazil. It addresses leading local and international experts on solar power and renewable energy in the region. The Summit’s mission is to provide in-depth education, enable high-quality networking opportunities, expand the use of PV technologies at regional and national level and strengthen the local PV industry. The Intersolar Summit Brasil Nordeste is organized by Intersolar South America - Latin America’s largest exhibition and conference for the solar industry: Solar Promotion International GmbH, Pforzheim, Freiburg Management and Marketing International GmbH (FMMI) and Aranda Eventos & Congressos Ltda, São Paulo as co-organizer.
25 August 2021
Join us to hear directly from the CTOs and heads-of-research from the top-20 cell/wafer producers to the PV industry today. The event will focus on predicting the key metrics underpinning the next big shift to n-type with answers to the key questions: When will the transition to n-type happen? Which companies will be first to 10 GW capacity and production? Who will be the key equipment suppliers for the new production lines? Which n-type process flow/architecture will emerge as the front-runner? What will polysilicon purity and wafer thickness levels look like for optimized n-type manufacturing? What will the upstream poly/wafer supply-chain look like in 5 years from now?

Read Next

July 23, 2021
As solar continues to proliferate and spread into new markets, the technology is finding itself operating in tougher climates than ever before. PV Tech talks to research institute QEERI to learn more about the heightened risk of soiling in the desert, the growing prominence of abrasion and some surprising results from temperature coefficient testing.
July 23, 2021
China could install up to 65GW of solar this year, driven largely by a surge in demand for distributed solar installations, while average solar deployment could reach 90GW per year in the years leading up to 2025.
July 23, 2021
EDF has secured a contract to lead the development of a 240MWp floating solar project in Laos that will be co-located with a 1.08GW hydropower plant.
July 23, 2021
Polysilicon manufacturer Daqo New Energy has completed its Initial Public Offering (IPO) of its main operational subsidiary Xinjiang Daqo New Energy on the Shanghai Stock Exchange’s Sci-Tech innovation board.
PV Tech Premium
July 23, 2021
A reduction in deployment costs combined with technology gains mean solar-plus-storage is an increasingly attractive option for off-grid mining operations looking to cut emissions. Jules Scully looks at successful case studies and the opportunity ahead.
July 23, 2021
German solar developer and distributor BayWa r.e. has rebranded Enable Energy, which it acquired in September 2020, as BayWa r.e. Power Solutions

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021