Toshiba, SunEdison to Build Solar-Power Stations in Japan

Toshiba Corp. (6502), the maker of flash- memory chips and atomic reactors, will work with a unit of MEMC Electronic Materials Inc. (WFR) to build solar plants in Japan.

Toshiba and MEMC’s SunEdison LLC agreed in December to jointly develop power plants, Atsushi Ido, a spokesman for the Tokyo-based company, said by phone today.

SunEdison, based in California, will be a project owner while Toshiba will be in charge of engineering, procurement and construction for each plant, Ido said.

The move comes after Japan introduced an incentive program for clean energy in July following the 2011 Fukushima nuclear accident.

Toshiba aims to develop about 100 megawatts of solar projects with SunEdison, the Nikkei newspaper reported today without citing a source. Toshiba does not disclose its target, Ido said.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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