Sharp Corp (3128.TWO) announced yesterday plans to invest 22 billion yen (US$200 million) to increase output capacity for thin-film solar cells more than tenfold by October 2008.
The company, which is the world’s largest manufacturer of solar cells, said it will expand capacity to 160 megawatts (MW) per year at its Katsuragi Plant in Nara, Japan–up from its current level of 15MW .
Sharp recently announced plans to for a new thin-film plant in Sakai in Osaka prefecture, which is scheduled to go online by March 2010. The eventual target output for that facility is 1,000MW per year, according to the company.
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