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Showa Shell to invest $1bn in solar panels

Financial Times

By Jonathan Soble in Tokyo
Published: March 1 2010 07:48

Showa Shell, the Japanese affiliate of Royal Dutch Shell, is placing a $1bn bet on the future of thin-film solar panels as it seeks to become the world’s largest producer of the renewable-energy technology.

Showa Shell said the “energy payback time” of its panels – the average time they take to produce more energy than it took to make them in the factory – is one year, compared with two to three years for silicon-based panels.

Copyright The Financial Times Limited 2010.

FULL FT ARTICLE (SUBSCRIPTION)

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