Innovation Network Corporation of Japan plans to merge the solar power unit of Sharp Corporation (TSE:6753). According to Nikkei daily, Innovation is aiming to later merge the solar power business of Sharp with a unit of Showa Shell Sekiyu K.K. (TSE:5002). Innovation plans to inject more than ¥300 billion into Sharp and secure up to ¥350 billion of financial assistance from the company's two main lenders, sources previously told Reuters.