Sharp to Outsource Some Solar Supply to SunPower, Yomiuri Says

Sharp Corp. (6753) will outsource some production of residential solar panels to SunPower Corp. (SPWR) of the U.S., the Yomiuri newspaper said today without citing anyone.

Sharp, which also makes solar panels, signed a contract to sell SunPower’s modules under its own brand as part of its restructuring plans, the newspaper said. Sharp spokeswoman Miyuki Nakayama wasn’t immediately available for comment.

SunPower said Dec. 4 that it extended a supply agreement with Toshiba Corp. (6502) for residential solar panels through 2018.

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