Sanyo Eneos Solar postpones thin film production; news follows yesterday’s Panasonic takeover proposal

Following yesterday’s news that Panasonic is looking set to buy out Sanyo Electric Company, Sanyo Eneos Solar has announced it has postponed its planned photovoltaics thin film production project, originally scheduled to start this year, and is instead concentrating on efficiency enhancement and marketing activities. The reason cited was a “dramatically” changing business environment, due to the decreasing price of crystalline silicon.

Share

In a letter, the company wrote: “Since Sanyo Eneos Solar was established on January 23, 2009 with Sanyo Electric Co., Ltd. and Nippon Oil Corporation (ENEOS), the business environment has changed dramatically. The price of crystalline silicon, which is the major competitor to the thin film products for utility scale solar power plants, nosedived because of the drop of poly silicon price and it deteriorated the business environment for thin film products.

“Therefore, both Sanyo and Nippon Oil conclude that Sanyo Eneos Solar postpones the establishment of mother plant and concentrates on the research and development (R&D) and marketing activities.”

In the meantime, the company has said that all employees have already returned to both parent companies, as of the 21st of this month.

The letter continued: “Sanyo Eneos Solar continues its business, however Sanyo continues to perform R&D activities of thin film and JX Nippon Oil & Energy, which is the former Nippon Oil Corporation, continues to perform marketing activities.”

Related Sanyo news:

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Share

pv magazine

The pv magazine editorial team includes specialists in equipment supply, manufacturing, policy, markets, balance of systems, and EPC.

More articles from pv magazine

Related content

Elsewhere on pv magazine...

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.