(Removes erroneous references to Canadian Solar in headline and throughout story text. To be followed by repeated corrected story with new slug dropping reference to Canadian Solar.)
TOKYO, Dec 8 (Reuters) - Japan’s Sharp Corp said on Monday it was considering selling its U.S.-based solar energy development unit Recurrent Energy, but had yet to make a final decision on any deal.
On Sunday, the Nikkei business daily reported Sharp had agreed to sell Recurrent for about 30 billion yen ($247 million), and that the deal could be completed early next year.
In a statement concerning Recurrent, Sharp said it was “considering various possibilities including the sale of the company but there are no final decisions at this point.”
Sharp paid $305 million in cash in 2010 to acquire Recurrent Energy. Selling the company now would help Sharp to raise capital as it struggles to raise its equity ratio to a healthy level.
This year, Sharp shut down its British solar plant and also pulled out of a venture with Italian energy firm Enel SpA to make solar panels and generate solar power. (1 US dollar = 121.4100 Japanese yen) (Reporting by Osamu Tsukimori; Editing by Kim Coghill, Miral Fahmy and Christian Plumb)