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Foxconn's Clean-Energy Ambitions Bolstered With Sharp Takeover

  • Acquisition provides distribution network in Japan: analyst
  • Foxconn has plans for clean-energy solutions in India
The Sharp Corp. headquarters stands in Osaka, Japan on Friday, Feb 5, 2016. Foxconn Technology Group Chairman Terry Gou is stepping up pressure on Sharp to quickly accept his proposed bailout of the Japanese consumer electronics company, a day after Sharp's chief executive officer said he planned to take another month to choose between two competing offers.
Photographer: Buddhika Weerasinghe/Bloomberg

Foxconn Technology Group’s rescue of Sharp Corp. promises to bolster the Taiwanese electronics maker’s ambitions for a bigger role in clean energy in some of the world’s most-polluting countries, while also providing a firmer footing in Japan.

Foxconn, which reached a deal last week to take control of Sharp, has previously announced plans to improve energy efficiency at its factories and introduce more solar power in China and India. By buying Osaka-based Sharp, Foxconn gains a company regarded as a pioneer in the development of solar panels.