Sharp Electronics Corporation (Sharp EC) is a US-based wholly-owned subsidiary of Sharp Corporation, a multi-billion dollar electronics manufacturer that was recently acquired by Foxconn. Generate Capital will invest into an SPV which will buy solar and storage systems from Sharp EC at a price based on the fixed customer payment to guarantee target returns. Sharp uses a lithium-ion battery (Samsung SDI) and Sharp EC provides ongoing asset management.
- $0M invested to date
- 19% IRR unlevered
- 5-year payback period
- $50M contracted pipeline
