Sanyo makes Large Investment in New Solar Cell Production
SANYO produces its HIT Solar Photovoltaic Cells at two major locations: Nishikinohama Plant and Shimane SANYO, with a total production capacity of 165 MW (as current of December 19, 2006). In Fiscal Year 2007, by investing approximately 9 billion yen in new production equipment at the Nishikinohama Plant, SANYO will increase cell production capacity at the plant from its current level of 115 MW to 210 MW. Therefore the total production capacity in Fiscal Year 2007, including that of Shimane SANYO, will increase to 260 MW.
* About the ‘Next Generation Program for HIT Solar Cells’: This program is a business development strategy aiming to expand the solar cell business by threefold compared to Fiscal Year 2005 levels, by positive investment and product differentiation.
The main details are: 1) Investment of a total 40 billion yen by Fiscal Year 2010. 2) Aim to reach a 22% energy conversion efficiency with the HIT Solar Photovoltaic Cell by Fiscal Year 2010.
Plan to Increase Mono Crystalline HIT Solar Photovoltaic Cell Production Capacity
Fiscal Year: FY 2006–>FY 2007–>FY 2008
Nishikinohama Plant: 115 MW–>210 MW–>210 MW
Shimane SANYO Electric: 50 MW–>50 MW–>140 MW
Total Cell Production Capacity: 165 MW–>260 MW–>350 MW
Outline of New Facility at Shimane SANYO Electric
Company Name: Shimane SANYO Electric Co., Ltd.
Location: 320-1, Yamagata, Kisuki-cho, Unnan City, Shimane Prefecture
Site area: 6500 m? (area of new facility)
Production Capacity: Increase to 90 MW in FY 2008
(Total cell production capacity of 140 MW including existing plant)
Investment Amount: Approximately 10 billion yen in Fiscal Year 2008
Start of Operations: September 2008 (planned)