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Toshiba to Start Solar Power Projects in Europe and US

August 25, 2010 By Leave a Comment

toshiba solar power project

Toshiba Starts Solar Power Projects in Europe and US : According to Reuters Africa, Toshiba said it plans to launch solar power projects in Europe and the United States, hoping to generate $1.8 billion in overseas sales from solar power operations in the year to March 2016.

Toshiba sees the solar power business as one of its growth areas and is targeting combined sales of 200 billion yen from domestic and overseas operations in the financial year ending in March 2016.

Toshiba Plans to start operating in Bulgarian facility next year. The firm is also weighing forays into Italian and U.S. markets and aims to use its expertise in solar power plants to tap demand for smart-grid infrastructure, a market poised to grow worldwide.

Toshiba also plans to be build eight large solar power plants a year in Europe alone in 2015 and may consider local acquisitions of firms with construction knowledge.

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