Japanese solar power groups lift capacity

Tokyo/Japan - Japanese solar-panel manufacturers are expanding capacity in spite of concerns about oversupply in the sector, as they eye long-term growth in demand for renewable energy.

Mitsubishi Electric, Toshiba and Showa Shell each unveiled plans to boost their solar panel production, underscoring a renewed determination by Japanese manufacturers to hold their lead in the green technology in the face of cheaper competition from China and elsewhere. Mitsubishi, which last month completed a 24,000 square metre panel factory in northern Japan, said it hoped to produce 600 megawatts

Source: IWR Online, 01 Mar 2010