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Sunday, November 20, 2011

Sharp to invest $1 billion in solar tech in Indonesia

The Jakarta Post, Jakarta | Sun, 11/20/2011

Japanese electronics giant Sharp has sealed a deal at the ASEAN Summit in Bali to invest US$ 1 billion in solar cell technology in Indonesia, according to a top government official.

“Sharp has assessed that our country has been blessed with sunlight throughout the years. This has a great potential that is waiting to be explored,” Energy and Mineral Resources Minister Jero Wacik said on Saturday as quoted by tempointeraktif.com.

Sharp currently has a pilot project in Thailand with 160 hectares of solar cell panels that generate up to 73 megawatts for 23 US cents per kilowatt-hour.

“We’ll discuss the details in upcoming meetings,” he said.

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