Mitsubishi Plans for 300 MW of Yearly Solar Production

Mitsubishi, which in 2004 could only claim one percent of global solar photovoltaic production, announced plans this week to boost their manufacturing up to five percent of global supplies by the year 2010, according to the Japanese publication Asahi.com. To reach this goal, the company will ramp up production to as much as 300 MW per year. Company officials also announced significant progress bringing their average solar cell efficiency up to 12 percent from a previous average of 8 percent.