TOSHIBA, SHARP SAY MAY WORK TOGETHER IN SOLAR POWER

clipped from www.planetaazul.com.mx Japan's Toshiba Corp and Sharp Corp said on Friday they are considering working together in the solar power business amid growing demand for cleaner energy, sending their shares higher TOKYO, Japan; March 31, 2009.- The financial crisis has shut off much of the funding for new projects since late last year, but solar power firms are still hurrying to boost capacity as governments worldwide support expansion of the clean-power systems to cut greenhouse gas emissions. The Chinese government said on Thursday it would launch a generous new subsidy for solar power systems, lifting shares in US-listed solar companies. Shares of Sharp gained 4.7 percent and those of Toshiba rose 2.5 percent on Friday morning, outperforming the broader market. The Asahi newspaper reported earlier that Toshiba and Sharp may form a comprehensive alliance in the solar power business, with Toshiba supplying electricity distribution systems to Sharp, and Sharp supplying panels to Toshiba.