Mitsubishi Increases Solar Cell Production

August 18, 2004 [] Mitsubishi Electric will expand annual production capacity of photovoltaic (PV) cells and modules at its Nakatsugawa and Kyoto Works facilities from 90MW to 135 MW by April 2005. The production increase is in response to demand for PV cells in the domestic and overseas markets. The company aims to establish a production system with an annual capacity of 230MW by 2006, and will invest JPY 3.3 billion (US$ 30 million) in new equipment. Sales are expected to carry on increasing through 2004 as international activities aimed at reducing harmful carbon dioxide emissions continue to raise environmental awareness around the globe. Total worldwide PV production in 2003 amounted to approximately 742MW(1), up 32 percent from 2002. Japan is a major contributor, accounting for approximately 364MW of this total, according to Mitsubishi.


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