Mitsubishi Electric Corp., the Japanese maker of consumer electronics and assembly-line machinery, plans to almost triple production of solar cells in two years to meet demand for renewable energy.
Production capacity may reach 600 megawatts by as early as the year ending March 2012, up from 220 megawatts now, Mitsubishi Electric said in a statement today. The company last month finished construction of a 24,000 square meter (258,000 square feet) plant in northern Japan that may begin operating this fall, the company said.