Sharp To Buy Recurrent

San Francisco-based Recurrent Energy, which develops distributed solar generation projects for utilities, said yesterday (PDF) that it will be acquired by Japan’s Sharp for up to $305 million in cash, subject to balance sheet adjustments. “It is essential for Sharp to function as a developer in the photovoltaic field, in order to further expand its business in this area,” Toshishige Hamano, Sharp’s exectuve vice president for overseas business, said in a statement. “With Recurrent Energy’s know-how as a developer, Sharp aims to become a total solutions comapny in the photovoltaic field, extending from developing and producing solar cells and modules to developing and marketing power generation plants.” Recurrent has contracts to deliver 2 gigawatts of solar generating capacity to customers such as Ontario Power Authority, the Sacramento Municipal Utility District, and Southern California Edison.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/