New production lines will start rolling at the company's solar cell facility in Southern Japan later this month.
After the expansion, Sharp's total annual production capacity of pholtovoltaic solar cells will be enough to generate 600 megawatts of power, up from 100 megawatts today.
Solar panels with 600 megawatts of generation capacity would be enough to provide power for a city with a population of almost half a million.
Simon also reported earlier that Motech Industries will ask for about $300m from investors, and E-Ton Solar Tech will seek more than $190m, increase production of Solar Cells this year.
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