Solar

Sanyo To Build Cell Plant in Osaka

Sanyo Electric Co. plans to build a new solar cell manufacturing facility in Osaka, Japan. The company said that it will start construction on the facility in Kaizuka, Osaka Prefecture, as early as this month. The facility could be completed late next year.

The new factory will produce Sanyo’s HIT solar cells. The company said that its cells have a higher conversion efficiency rate than conventional solar cells. Sanyo’s annual production capacity of HIT solar cells is expected to grow to a total of 600,000 kilowatts following the opening of this facility.

Panasonic Corp., which is in the process of acquiring Sanyo this, will help Sanyo sell solar cells. That acquisition is expected to close this spring.