Kyocera Corporation said it was targeting annual PV module production of 1.4GW in the current fiscal year, up from approximately 1.2GW in the previous fiscal year.
Kyocera noted that increased demand was due to the booming Japanese market as well as market demand across key markets served, such as the US.
The company said that its total accumulated production of modules (since 1975) had passed the 5GW milestone.
However, should the recently announced 430MW solar power project on the island of Ukujima become a reality, Kyocera noted that it would ramp production further to support the need for an extra 1,720,000 multicrystalline modules.
Kyocera has steadily added module manufacturing capacity over the last 6 years.