Know something we should know? E-mail us your tips! We respect anonymity. »
Toshiba: We now love solar energy, too
by Serkan Toto on January 6, 2009

solar_panel

Toshiba was one of the few major tech companies left in Japan (maybe even the last) that has never fully viewed solar energy as a significant pillar of current and future business. But this radically changed yesterday.

The company announced in Tokyo it has established a new division  (Photovoltaic Systems) to manage and promote solar energy both in Japan and on an international level. It’s aiming for sales of $2.2 billion by 2015 (which is a quite bold goal seeing current sales in the solar business are not even reaching $10 million).

Toshiba says it wants a piece of the global solar technology market, which is - according to the company - expected to grow from the present $13.3 billion to a whopping $ 24.4 billion by 2015. While it’s unclear whether Toshiba will manufacture solar panels, the production of large-scale solar power generation systems is one of the main parts of the new solar business strategy.

Comments rss icon

Leave Comment

Commenting Options

Enter your personal information to the left, or sign in with your Facebook account by clicking the button below.

Alternatively, you can create an avatar that will appear whenever you leave a comment on a Gravatar-enabled blog.

Trackback URL
bugbug
  • MediaTemple Logo
  • QuickSprout Logo
  • OpenX Logo
  • Cotendo Logo