Ethiopia image release June 22

Sharp expands its business in Ethiopia along with millions of subsidies for PV panels

Hamburg - Sharp Energy Solutions Europe expands PV business in Ethiopia, along with several millions of JCM subsidies for PV panels.  

In addition to the supply of PV Panels, Sharp is also active in the project business worldwide, working alongside partners on the development of solar power plants. Sharp offers unique opportunities to investors and owners for joint PV projects of various kinds. 

As a Japanese company, Sharp can give access to attractive subsidy schemes from the Japanese Government for PV power plants in multiple countries around the world.  

The subsidy scheme is called Joint Crediting Mechanism (JCM) and was initiated by the Japanese government. It’s a project-based crediting programm initiated by the Government of Japan to facilitate the diffusion of low-carbon technologies and reduction of GHG emission in 17 different countries. The Japanese government provides the subsidy for the PV installation and in return they share part of the carbon credits generated by the project, whereby one carbon credit represents the right to emit a one ton of CO2. 

Sharp has already successfully completed many projects in Mexico, Thailand, Mongolia, Indonesia, Philippines, Laos and Palau and multiple projects are in progress in Vietnam and Chile within the JCM program and is responsible for JCM application, registration and module supply. 

Within the JCM scheme approximately 40% of the PV Panels in an Ethiopian PV project can be subsidized.  

In addition to its products and access to JCM subsidies, Sharp also brings over 60 years of experience in the photovoltaic business, especially in technical planning, and has extensive expertise in the area of free-field and commercial & industrial PV system project development.  

By working together, Sharp partners will benefit from the advantages that Sharp, as a module supplier, can contribute to partnerships: direct access to production capacity and tremendous JCM experience along with up to approximately 40% subsidies for PV panels are just two examples.  

Our goal is to develop partnership-based photovoltaic projects in Ethiopia benefiting from JCM subsidies. The collaboration includes “JCM”-eligible projects from 100kWp up to 100MWp and larger. A particular focus is on independent system owners active in Ethiopia, with planned PV investments should have the finance and payback scheme (PPA or self-consumption) ready, and preferably self-consumption driven in the segment of consumer & industrial or free field PV systems.  

As part of the collaboration, Sharp guides the partner through the whole JCM process and makes sure the project owner will benefit from the subsidies in the amount of approximately 40% for PV Panels.  

Peter Thiele, President of Sharp Energy Solutions Europe: “Our strategic direction envisions massive expansion of the project business in Ethiopia. Cooperating with our partners, Sharp will take care of the JCM process and plan and build the PV project together with our local partner. Our ideal project candidate is a local Ethiopian entity owning land or rooftop-space planning to invest into a PV system with a minimum size of 100kWp up to several MW. By working together, our partners will benefit from the advantages that we, as a module supplier, can contribute to a partnership in Ethiopia: direct access to production capacity and benefiting from generous JCM subsidies.”  


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About Sharp Energy Solutions 

Sharp is one of the world's largest photovoltaic manufacturers and has been a driving force behind the use of photovoltaic technologies for 60 years. Sharp offers solar modules for the environmentally conscious energy production. To date, Sharp has delivered more than 50 million PV modules worldwide. Sharp’s portfolio of high-performance PV panels is built for residential, commercial and free-field installations. Working with partners in advanced engineering sectors including aviation, astronautics and the e-mobility industry, Sharp continuously proves innovative strength with new solar applications. Sharp has been active as an EPC in the project business worldwide, working alongside partners on the development of PV projects. Sharp seeks and acquires project rights at every development stage and offers partners direct access to production capacities and financing options.