Mitsubishi to Increase Solar Cell Production

The PV Cell Plant #2, will be sited at its Nakatsugawa Works Iida Factory in Nagano Prefecture.

The company will expand annual production capacity of PV cells in response to a sharp increase in demand for solar power generation systems.

Mitsubishi Electric also intends to accelerate its capital investment plan by one year, and invest a total of ¥50 billion (yen) to quadruple its annual PV production capacity from 150 megawatts (present) to 600 megawatts by the 2012 financial year.

The company's previous plan announced on 18 March 19 this year was to increase its capacity to 500 megawatts by 2013.

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