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Honda Establishes Solar Cell Subsidiary Company, Honda Soltec to Make Full-Scale Entry into Solar Cell Business

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Posted by lkgeo1 on December 3, 2006, 8:49 pm

Honda Establishes Solar Cell Subsidiary Company, Honda Soltec to Make
Full-Scale Entry into Solar Cell Business
December 2nd, 2006 by kalyan89 in SC Company Reports, PV-General
Friday, December 1, 2006
source: Honda Press Release

TOKYO, Japan, December 1, 2006-Honda Motor Co., Ltd. announced plans
to establish a wholly-owned subsidiary, Honda Soltec Co., Ltd., which
will produce and sell the next-generation thin film solar cell
independently developed by Honda. The new company will lead Honda to
make a full-scale entry into the solar cell business.

The next-generation solar cell to be produced and sold by Honda Soltec
was developed by Honda Engineering Co., Ltd., the production
engineering subsidiary of Honda. By using thin film made from a
compound of copper, indium, gallium and selenium (CIGS), Honda's
next-generation solar cell achieves a major reduction in the amount of
energy consumed during the manufacturing process by approximately 50%
compared to what is required to produce conventional crystal silicon
solar cells. This makes the new solar cell more
environmentally-friendly by reducing the amount of CO2 generated even
from the production stage.

At the end of September 2006, Honda began construction of a plant to
mass produce solar cells within the current site of Honda's Kumamoto
factory, and the new facility will become operational in fall 2007 with
an annual capacity of 27.5 megawatts. Prior to the start-up of the new
plant, Honda Soltec will begin sales in limited areas in March 2007, of
CIGS thin film compound solar cells produced by Honda Engineering. Once
mass production begins at the new plant in Kumamoto in fall 2007, Honda
Soltec will expand sales throughout Japan.

In addition to its effort to reduce CO2 emissions through development
of clean automobile engines, Honda is committed to develop
environmentally-friendly and sustainable energy technologies. Honda
will contribute to the effort to prevent global warming through
production and sales of a clean energy source which does not use fossil

About Honda Soltec Co., Ltd.
Establishment: December 1, 2006

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