Showa Shell to Invest $127 M in Solar Cell Output

[Reuters] Showa Shell Sekiyu KK , Japan’s fifth-biggest oil refiner, said on Wednesday it would invest about 15 billion yen ($127 million) to quadruple output of solar batteries that do not use costly silicon. The company will build a second solar cell plant in Miyazaki Prefecture, western Japan, with annual capacity of 60 megawatts, with operations scheduled to start in the first half of 2009. Solar power companies have been boosting output globally to meet strong demand for renewable energy.
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