Sharp to Introduce New, Cheaper Solar Panels

April 22, 2002 – [] According to reports in Japanese media, Sharp Corp will develop and market a solar power panel that will retail for half the price of versions currently available. The company plans to expand its 20 percent share of global production of this technology. Using the new technology, a 3 kilowatt system for a residential home will be sold for about ¥1 million (US$7,600) instead of the current ¥2 million (US$15,300) and users will pay only about ¥35 (US$.27) per kWh, closer to the ¥25 (US$.19) households pay now for fossil fuel-based power. The new solar power cell uses organic pigments to change light into electricity.

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