Toshiba Corporation has announced plans to enter the solar photovoltaics market as a large scale utility and industrial systems integrator and components supplier. Toshiba has formed a dedicated business unit (Photovoltaic Systems Division) within its global Transmission Distribution & Industrial Systems Division. The company said that is would be targeting sales of approximately US$2.2 billion by fiscal year 2015, through its existing global sales channels.
Toshiba expects to rapidly establish and expand the business utilising its experience in power generation and distribution systems, including micro-grids. Toshiba will also market its Super Charge ion Battery (SciB) technology as part of its business solutions.