Mitsubishi Electric to Double Solar-Cell Output, Nikkei Says
By Pavel Alpeyev
March 19 (Bloomberg) — Mitsubishi Electric Corp., the world's sixth-
largest maker of solar cells, plans to double its annual output of the
product to 230 megawatts by the fiscal year starting April 2009, the
Nikkei newspaper reported.
The company will spend 10 billion yen ($100 million) to increase
production at its factory in Nagano, central Japan, and Kyoto assembly
plant, the newspaper reported, without saying where it obtained the
information. Mitsubishi Electric may further increase output to 500
megawatts by 2012, depending on demand and price of raw materials, it
said.
Mitsubishi Electric now has a 150-megawatt capacity but sells only
about 120 megawatts because of a shortage of silicon, from which the
panels are made, the report said.
