Panasonic, Epco to Form Venture to Sell Solar Power From Homes

Panasonic Corp. (6752) will set up a venture with Epco Co. (2311), an energy management company, to sell power generated from residential solar panels.

The companies have decided to form their venture as Japan plans to fully liberalize its electricity retail business by 2016, according to a statement by the two today.

Panasonic, based in Osaka, acquired a 14.9 percent stake in Tokyo-based Epco in 2009, according to the statement.

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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