Vitec Co. (9957), a Japanese trading
company that specializes in semiconductor products, will start
making solar panels in Japan with China’s ReneSola Ltd. (SOL) from
April, Vitec said in a statement today.
The partners were prompted to come together to set up a
factory as some Japanese municipalities require locally-made
panels to be used for projects, Hiromu Fujita, a Vitec official,
said by phone today.
Fujita confirmed a report by the Nikkei newspaper that said
Vitec holds 51 percent in the venture and ReneSola and Sun-s
Co., a Hiroshima-based maker of semiconductors and solar panels,
The plant will have the capacity to produce 80 megawatts of
panels a year, according to Fujita. Tokyo-based Vitec has six
solar power stations across Japan at present, with a combined
capacity of more than 10 megawatts.
Separately, ReneSola said last month it won a contract to
supply 420 megawatts of products to a project in Japan, its
biggest order from the country.
To contact the reporter on this story:
Chisaki Watanabe in Tokyo at
To contact the editor responsible for this story:
Reed Landberg at