Looks like Sanyo has followed Sharp’s lead and is getting serious about solar cell productions. Sanyo has just opened a new production base for solar cell modules with an annual production capacity expected to reach 40MW by the end of fiscal 2008. Sanyo's annual production capacity of solar cell modules will become 340MW globally and Sanyo plans to increase its production capacity to 600MW by the end of fiscal 2010, and then to 4GW at the end of fiscal 2020. Sanyo estimates global production of solar cells will reach 40 to 45GW in fiscal 2020. Hopefully this will being prices of solar cells down to a competitive level in the next 2-5 years.
More at the Nikkei
