International has said that its successful move into a new 67,000
square foot plant in Shanghai, China during 2007 will allow the
photovoltaic manufacturer to reach a capacity of 45MW in the second
half of its 2008 fiscal year. The company announced the news with its
financial results for its first fiscal quarter ended January 31, 2008.
Jack Li, Perfectenergy’s President and Chief Executive Officer, said that the company was already in the planning phase for a new solar cell production facility in the Shanghai Zizhu Science-Based Industrial District that would have a capacity of 200MW per annum. Construction is expected to begin in 2008 and be completed in 2009.