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Nikkei reports Showa Shell Sekiyu plans to build one of the world’s biggest solar panel plants

Reuters UK

Japan Hot Stocks

Wed Jul 2, 2008 4:20am BST

Showa Shell Sekiyu KK leapt 6.1 percent to 1,251 yen after the Nikkei business daily reported the oil refiner plans to build one of the world’s biggest solar panel plants at a cost of more than 100 billion yen ($940 million).

The paper said the plant, to be built in 2011, will have an annual capacity of 1,000 megawatts — bigger than Sharp Corp’s (6753.T:QuoteProfileResearch) Katsuragi facility in western Japan, which has annual capacity of 710 megawatts and is one of the biggest in the world. 

© Thomson Reuters 2008 All rights reserved.

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