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04/27/2009 05:12 am ET Updated May 25, 2011

Toshiba, Sharp Solar Deal Could Be Coming

"It is true that we are holding talks on the solar cell business with other companies, including Toshiba," Sharp Corp. spokeswoman Miyuki Nakayama said, declining to give further details.

Sharp wants to enhance its solar business further, with its solar cell revenue expected to reach 170 billion yen (1.7 billion dollars) globally in the year to March 31, up 12 percent from last year, Nakayama said.

Toshiba, which announced its full entry into solar power in January, said the company was also seeking a supply source of solar or photovoltaic cell panels that convert sunlight into electricity.

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