April 06, 2016

With takeover of Sharp Foxconn will be able to produce nearly 1 gigawatt of solar cells per year

Foxconn is boosting its energy business—both in supplying clean energy for its own operations and developing solar projects overseas.

Last year SBJ Cleantech, the joint venture between Foxconn, Japan’s SoftBank, and Indian conglomerate Bharti Enterprises signed an agreement to build two gigawatts of solar power capacity in the Indian state of Andhra Pradesh. The three companies also recently announced plans to invest $20 billion in India’s renewable energy market, primarily solar projects.

Foxconn’s acquisition of Sharp boosts its capabilities to produce solar power and high end smartphone displays.

Foxconn is also joining with its number-one customer, Apple, to develop renewable sources for the energy its factories use in China. By 2018, Foxconn plans to install 400 megawatts of solar power capacity in China,

By itself, Foxconn has the capacity to make at least 400 megawatts a year of solar products in Funing, China. The company also has a module plant in Juarez, Mexico, according BNEF’s Chase.

Sharp, which began developing solar in 1959 and remains its oldest major manufacturer, has 500 megawatts of cell capacity and probably has some module capacity

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