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Mitsubishi Electric Reveals New Strategies to Expand Solar Business

Mitsubishi Electric Reveals New Strategies to Expand Solar Business
 
“The global PV market is expected to grow from 5,550MW in fiscal 2009 (April 2008 – March 2009) to approximately 8,000MW in fiscal 2012 (April 2011 – March 2012).”
 
Mitsubishi Electric Corporation has completed construction of PV Cell Plant #2, a new photovoltaic (PV) cell production facility at its Nakatsugawa Works Iida Factory in Nagano Prefecture. By March 2011, the company will raise its annual PV cell/ module production capacity by 50 megawatts (MW) to 270MW, and ultimately plans to reach an annual capacity of 600MW at an early stage.
The global PV market is expected to grow from 5,550MW in fiscal 2009 (April 2008 – March 2009) to approximately 8,000MW in fiscal 2012 (April 2011 – March 2012), with the introduction of new PV-related stimulus programs in Japan, feed-in-tariff systems spreading in Europe, as well as projected growth in the North American market. Mitsubishi Electric‘s expansion of production capacity is in response to this sharp increase in global demand for PV systems.
Adding to its current lineup of polycrystalline silicon PV modules, Mitsubishi Electric plans to install new equipment at its Iida Factory to manufacture monocrystalline silicon PV cells, and start production by March 2011. At the same time, the company will build new production lines to manufacture monocrystalline silicon PV modules at its Nakatsugawa Works Kyoto Factory in Kyoto Prefecture. Monocrystaline silicon PV modules will enable PV systems to generate relatively more electricity on limited surfaces compared to polycrystalline silicon PV modules.
Furthermore, using the technologies that enabled Mitsubishi Electric to achieve the world’s highest photoelectric conversion efficiency of 19.3% in a 150mm x 150mm polycrystalline silicon PV cell, the company plans to develop highly efficient monocrystalline silicon PV cells. Mitsubishi Electric intends to incorporate these PV cells in its future PV modules. In addition, to respond mainly to the large increase in demand for PV inverters for residential-use in the 2/3 Japanese market, Mitsubishi Electric will raise its monthly PV inverter production capacity at its Nakatsugawa Works by 50% from 4,000 units to 6,000 units in May 2010.

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