Sanyo Electric Co. (6764.T) officially released information about its new solar production facility in Osaka prefecture.
The company said it will build new production facilities for HIT (Heterojunction with Intrinsic Thin-layer) solar cells inside the grounds of the Nishikinohama Factory, Kaizuka City, Osaka, already a production base for Sanyo’s proprietary HIT solar cells.
Construction will begin today and is expected to reach completion by October 2009.
Currently, production for Sanyo’s HIT solar cells is performed at the Nishikinohama Factory as well as the Shimane Plant, Shimane Sanyo Electric (Unnan City, Shimane Prefecture), with a combined production capacity total of 340 megawatts (MW).
While augmenting the Nishikinohama Factory, the overall production capacity will also be increased by adding production equipment to the existing Shimane Plant with the goal of reaching around 600 MW by the end of fiscal year 2010 for HIT production capacity.
Sanyo said it aims to reach a production scale of approximately 2 gigawatts (GW) for HIT solar cells by 2020.
For thin-film solar cells, Sanyo will work with Nippon Oil Corporation through the joint venture company, Sanyo ENEOS Solar Co., Ltd., as announced on January 23rd this year, to expand this segment of the solar market.
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