Sharp to Sell Full Stake in Solar Project Developer Recurrent Energy

Despite the lack of an official announcement by the Sharp Corporation, it's been reported by Bloomberg that the Osaka-based electronics company is seeking to sell Recurrent Energy LLC, a solar project development company it acquired in 2010. As part of a larger restructuring plan, Sharp is predicted to sell full stake in the San Francisco-based company, which it bought for $305 million, for the U.S. equivalent of $321 million (25 billion yen).

Source: http://www.renewableenergyworld.com/rea/news/article/2012/09/sharp-to-sell-full-stake-in-solar-project-developer-recurrent-energy?cmpid=rss

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