Wednesday, March 19, 2008

Perfectenergy plans 45MW solar capacity in 2H08FY and 200MW ramp in 2009

19 March 2008

Perfectenergy International has said that its successful move into a new 67,000 square foot plant in Shanghai, China during 2007 will allow the photovoltaic manufacturer to reach a capacity of 45MW in the second half of its 2008 fiscal year. The company announced the news with its financial results for its first fiscal quarter ended January 31, 2008.

Jack Li, Perfectenergy's President and Chief Executive Officer, said that the company was already in the planning phase for a new solar cell production facility in the Shanghai Zizhu Science-Based Industrial District that would have a capacity of 200MW per annum. Construction is expected to begin in 2008 and be completed in 2009.

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