20 firms plan tie-ups for solar power bids
Technology ( 4 )
TOKYO —
About 20 Japanese firms plan to form alliances to win orders for solar power generators and plants against Chinese and other rivals in the global market. They will set up consortiums of three to nine companies each to bid for projects in five areas—Indonesia, the Middle East and North Africa, Latin America, Mongolia and Thailand.
The global market for solar power is expanding at a double-digit pace but Japanese companies are falling behind rivals in China and elsewhere. The Japanese government plans to help these teams in negotiations with foreign governments and by providing financial assistance.
Panasonic Corp, JGC Corp, Mitsui & Co and three other firms will tie up on a bid for solar power project in Indonesia. Yokogawa Electric Corp plans to build a power plant in the Middle East and North Africa using solar cells made by Sharp Corp, Kaneka Corp and JX Nippon Oil & Energy Corp.
The five teams will begin operating this year, aiming to win at least one order each by autumn 2013.
© 2011 Agence France-Presse
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4 Comments
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-2
robouden
Maybe first considering Japan itself for placing solar power generator from tax payers money.
-1
cactusJack
The price of Japanese solar panels is the HIGHEST in the world, over $5/watt...and the strong yen makes things worse, hence the gov't will help with finances, but I don't think it will be enough.
-1
presto345
China has greatly stepped up production of solar cells and are creating a glut. It has the advantage of cheap labor, lax environmental regulations and an undervalued currency. For Japan it is tough to compete with that.
0
electric2004
This sounds like starting a cartel to reduce competition. Probably only good for the companies, but never for the customer.
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