Panasonic to Expand Its Solar Module HIT™ Production Capacity to 1 GW

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May. 20, 2015 11:30

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OSAKA, JAPAN--(Business Wire / Korea Newswire)--Panasonic Corporation announced today that it will boost production capacity of solar cells and modules for its solar panels HIT™ at its two domestic plants. The company will invest 9.5 billion yen to expand production lines at the Shimane Factory (Shimane SANYO Electric Co., Ltd.), which produces solar cells, and at the Shiga Factory, a module production site. The expansion will add a combined production capacity of 150 megawatts a year, lifting Panasonic’s total solar module production capacity of HIT™ to more than 1 gigawatt by March 2016, including that of manufacturing facilities in Kedah, Malaysia, and Nishikinohama, Osaka, in addition to the two domestic factories.

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Japan's solar power market has been growing since the introduction of feed-in tariffs. In the residential and non-residential rooftop solar markets, strong demand is expected to continue, helped by government-led efforts to promote the adoption of zero-net energy houses and buildings, along with local governments’ measures to support solar power. In other Asian countries, as well as Europe and the United States, the residential rooftop markets are also expected to remain solid.

Adding production capacity of its solar modules HITTM will help Panasonic meet growing demand in the global solar market. In its home market, the company aims to expand the penetration of its Smart Home Energy Management Systems (SMARTHEMSTM). The system integrates Panasonic’s solar generation system with its EcoCute heat-pump hot water supply systems, power storage batteries, energy-saving appliances and other products to offer a rich and comfortable lifestyle by bringing together strengths of Panasonic group companies.

Note:
* SMARTHEMSTM and HITTM are trademarks of Panasonic.

Summary of Investment

· Capital investment: 9.5 billion yen
· Investment sites: Shimane Factory (Shimane SANYO Electric Co., Ltd.) and Shiga Factory
· Additional production capacity: 150 MW/year
· Production start date: March 2016
· Global production capacity of solar modules HITTM: Over 1 GW (FY2017 ending in March 2017)

Related links:
Panasonic’s Solar Global: http://panasonic.net/ecosolutions/solar/
Panasonic HITTM : http://panasonic.net/ecosolutions/solar/hit/
Panasonic Eco Solutions Company :http://panasonic.net/ecosolutions/
Panasonic Corporation: http://www.panasonic.com/global

View source version on businesswire.com: http://www.businesswire.com/news/home/20150518006845/en/

Website: http://www.panasonic.com/global

Contact

Panasonic Corporation
Global Communications Department
Public Relations Section
+81-3-3574-5729
presscontact@ml.jp.panasonic.com

This news is a press release provided by Panasonic Corporation. Korea Newswire follows these editorial guidelines.

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