Panasonic today announced its plan to establish a company in
Malaysia that will serve as Panasonic's new solar
Panasonic Energy Malaysia Sdn. Bhd., to be set up in December
2011, will operate a vertically-integrated solar
manufacturing facility producing from wafers to cells and
modules. Panasonic plans to invest 45 billion yen in the
facility, which will start operation in December 2012 with an
annual production capacity of 300 MW.
With environmental awareness increasing globally and
introduction of subsidy systems in Japan as well as other
countries, the solar cell market is predicted to grow
further. High demand is expected in the residential sector,
the main target of the Panasonic HIT (Heterojunction with
Intrinsic Thin-layer) solar modules.
Panasonic will sell its solar modules as an individual
product as well as part of a system combined with storage