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The products are to be sold under the Toshiba brand, with annual sales of 200 billion yen (US$2.1 billion) targeted for fiscal 2015.
The firm established the Photovoltaic Systems Division on Thursday, a dedicated segment that will consolidate under one roof all the necessary technologies that are currently handled by different group organizations.
Toshiba already makes many of the components for solar power generation systems, such as inverters and transformers. But its full-scale entry into this market was hampered by the fact that it does not manufacture solar panels, the key component. It currently logs just several hundred million yen in sales of solar-power-related equipment.
(Nikkei)
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