Mitsubishi Electric Corp. of Tokyo has announced that PV (Photovoltaic) Cell Plant #2 has been built at its Nakatsugawa Works Iida Factory in Nagano Prefecture. By March 2011, the company will raise its annual PV module production capacity by 50 to 270 MW with a longer-term annual goal of 600 MW. In addition to its current polycrystalline silicon PV modules, Mitsubishi plans to manufacture monocrystalline silicon PV cells, starting production by March 2011.