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Mitsubishi to Expand Solar Business

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TOKYO, March 16, 2010 – Mitsubishi Electric Corp. announced that it has completed construction of its PV Cell Plant #2, a new photovoltaic (PV) cell production facility at its Nakatsugawa Works Iida Factory in Nagano Prefecture. By March 2011, the company anticipates that it will raise its annual PV cell and module production capacity by 50 MW to 270 MW, and it plans to ultimately reach an annual capacity of 600 MW at an early stage. The company’s expansion of production capacity is in response to the sharp increase in global demand for PV systems. The market is expected to grow from 5,500 MW in fiscal 2009 to...Read full article

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    Published: March 2010
    Asia-PacificBusinessenergyexpansiongreen photonicsMitsubishiMitsubishi ElectricMitsubishi Electric Corp.modulemonocrystallineNaganoNakatsugawa Works Iida FactoryNorth AmericaphotovoltaicspolycrystallineProduction Capacityproduction facilityPVPV cellsiliconsolarsolar cellssolar market

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