Sanyo to boost European solar panel production by 90%

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Sanyo Electric has announced that with the European region improving its demand for solar panels, it will increase its solar panel production capacity in Europe by 90% or 315MW by next summer. Nikkei.com reports that the added production will be happening at the Sanyo Hungary facility using the space that has been released since the company ended the lithium ion battery pack production. The total investment for the additional panel production will be between two and three billion Yen.

Nikkei.com also details that Sanyo is looking into doubling its Japanese solar panel output capacity to 200MW a year by the end of March 2011. The company hopes to accomplish this by adding a new building to its Shiga factory, which holds an estimated cost of 4.2 billion Yen. Upon the completion of this addition, Sanyo should have an overall annual output capacity for solar panels of 625MW – an increase of 70%.

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