Sharp to invest $1 billion in solar tech in Indonesia

Sharp will invest US$ 1 billion in solar cell technology in Indonesia according to a deal sealed at the ASEAN Summit in Bali.

“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

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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