Kyocera targets 1.4 GW of solar module production in FY 2014/15

Jun 20, 2014 - Japanese electronics and industrial ceramics supplier Kyocera Corp (TYO:6971) said today it had set a goal to produce 1.4 GW of solar modules in its fiscal 2014/15, up from about 1.2 GW in the prior financial year.

The company’s current fiscal year started in April and will end on March 31, 2015.

In a press release, Kyocera noted it had manufactured over 5 GW of solar panels since 1975. It explained the rapid rise in its solar production in recent years with the increase in global demand for renewable energy resources.

The group went on to say that its solar module production will grow even further if a recently-formed consortium, in which Kyocera is a member, proceeds with the construction of a planned 430-MW solar project on the island of Ukujima in Japan. The tie-up also includes Japanese engineering firm Kyudenko Corp (TYO:1959), financial services provider Orix Corp (TYO:8591), Germany’s Photovolt Development Partners GmbH and Japan’s Mizuho Bank. At present, the five companies are evaluating the JPY-150-billion (USD 1.5bn/EUR 1.1bn) project.

This scheme is expected to use about 1.72 million of Kyocera’s multi-crystalline silicon solar panels, together capable of generating some 500,000 MWh of electricity per year.

(JPY 100 = USD 0.979/EUR 0.721)

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