Solar Panel Producer Wants to Triple Production

The world’s largest producer of solar panels plans to set up a manufacturing base outside Japan to meet increasing demand for its products overseas.

OSAKA, Japan, JP, 2001-12-11 [] Sharp Corp currently produces all its PV panels in Japan, mostly for the domestic market, but says overseas demand is steadily rising. Global production of solar cells was 300,000 kW last year, but Sharp estimates that may triple to 900,000 kW in 2003. It wants to increase its share of the world market to 30 percent by that time, and plans to increase solar cell production to 180,000 kW in 2003. Currently, an average household solar-power generation system costs US$22,000 but Sharp hopes to drop the price to $10,000 within the next six years.


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