SSSA will build rooftop solar systems at 16 of Big C’s outlets in Thailand, beginning with the chain’s stores near the national capital, in Nakhon Pathom province and Samut Prakan province. The two sides did not disclose the terms of the deal.
The Sharp subsidiary will install the arrays in cooperation with Impact Solar, a commercial rooftop solutions specialist based in Bangkok. Construction is scheduled to begin in July, with all projects to be completed between December 2017 and March 2019.
The projects will be financed under the Japanese Ministry of Environment’s Joint Crediting Mechanism. The scheme is designed to contribute to Japan’s greenhouse gas emission reduction target. The rooftop PV projects under SSSA’s initial agreement with Big C are expected to generate about 21.7 GWh of electricity per year.
“Energy consumption has risen rapidly in Thailand, and it has become a challenge to diversify energy resources and reduce damage to the environment,” Sharp said in an online statement.
In February, Sharp reported a net loss of ¥37.2 billion yen ($329 million), down from an initial projected loss of about ¥53 billion yen. It said that its solar business was unprofitable division. However, Taiwan’s Foxconn Technology — which acquired the struggling Japanese electronics manufacturer last year — has said that it plans to make additional investments to salvage Sharp’s PV operations.