TOKYO, Dec. 3, 2010 (Kyodo News International) -- Sanyo Electric Co. (OOTC:SANYY) said Friday it will market its new HIT solar cell panels with enhanced energy conversion efficiency in Europe in February next year.
The cell conversion efficiency of the new product is the world's highest at 21.6 percent, 0.5 point higher than Sanyo's conventional products, according to the Panasonic Corp. (NYSE:PC) group firm.
The company has decided to sell the HIT -- short for heterojunction with intrinsic thin layer -- panels first in Europe, where there are many schemes in which electric utilities are obliged to buy renewable electricity as well as high demand for efficient products.
The company has not decided on when to market the product in Japan, it said.
On the global market size of solar cells, Sanyo expects power output to grow to 21 gigawatts in fiscal 2015 from 9 gigawatts in fiscal 2009 ended in March this year due to more demand in such emerging markets as India and China.
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