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Showa Shell Solar Unit to Invest 13 Billion Yen in Panel Plant

Dec. 19 (Bloomberg) -- Solar Frontier K.K., a unit of Japan’s Showa Shell Sekiyu K.K., will invest 13 billion yen ($125 million) to build a solar panel plant north of Tokyo.

The plant in Miyagi prefecture will have annual production capacity of 150 megawatts and will begin operating by March 2015, the company said in a statement today.

Solar Frontier’s largest plant, which can produce 900 megawatts per year, is in the southwestern prefecture of Miyazaki. The company makes panels using copper, indium, gallium and selenium, known as CIGS.

To contact the reporter on this story: Chisaki Watanabe in Tokyo at cwatanabe5@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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