Sharp Expands Solar Cell Production Capacity to 600 MW Per Year, the World's Highest

JCN Newswires, Oct 31, 2006

Kyoto, Japan, Oct 30, 2006 - (JCN Newswire) - Sharp Corporation has increased annual production capacity for solar cells at its Katsuragi Plant in Nara Prefecture by 100 MW (megawatts) to meet burgeoning demand in Japan and abroad, and has constructed a system that will be able to enter full production by November 2006. As a result, solar cell production capacity at the Katsuragi Plant will reach 600 MW per year, the world's highest.

Despite concerns in the photovoltaic (PV) power generating market about a shortage of processed silicon (the raw material for solar cells), PV systems are increasingly being used in Japan for industrial applications and are being installed on new residential construction in collaboration with home builders. In Europe and the U.S.A., demand is expected to expand even further in the future, centered on industrial and commercial uses thanks to the introduction of subsidies and implementation of policies mandating power buy-back programs by utilities.

To more effectively utilize raw materials, Sharp is working to make solar cells even thinner and improve thin-film solar cells which use minimal amounts of silicon, as well as establish highly efficient production systems and expand and upgrade its production lines. For the future, Sharp has set a goal to further expand its solar energy business, which holds out tremendous potential as clean energy that does not generate substances that place a burden on the environment.

- Timeframe for full-scale operation: November 2006

- Investment amount: Approx. 3.5 billion yen

- Annual production capacity: 600 MW

About Sharp Corporation

Sharp Corporation (TSE: 6753) is a worldwide developer of innovative products and core technologies that play a key role in shaping the future of electronics. As a leader in liquid crystal displays (LCDs) and digital technologies, Sharp offers one of the broadest and most advanced lines of consumer electronics, information products and electronic components, while also creating new network businesses. Sharp Corporation employs about 22,949 people in the world (as of December 31, 2005) and recorded consolidated annual sales of 2,797,109 million yen for the fiscal year ended March 31, 2006. For more information, please visit www.sharp.co.jp.

Source: Sharp Corporation

Contact:

Sharp Corporation Public Relations Division
Osaka: 81-6-6621-1272
Tokyo: 81-3-3260-1870

Copyright [c] 2006 JCN Newswire. All rights reserved. A division of Japan Corporate News Network K.K.