Mitsubishi Electric to triple solar cell production, report says

Business Materials 27 August 2008 08:37 (UTC +04:00)

Japan's Mitsubishi Electric plans to triple its production capacity for high-efficiency solar cells by 2012, investing over 10 billion yen (91 million dollars), the economic daily Nikkei reported Wednesday. ( dpa )

The electronics company was responding to growing demand for renewable energy, triggered by high oil prices and concern over global warming.

Mitsubishi Electric was to set up a new production facility at its plant at Iida in Nagano prefecture, raising annual production capacity to 600,000 kilowatts, from its 220,000-kilowatt target for October, the Nikkei reported.