The company will create three new assembly lines at the Wales plant, which opened in 2004 with an annual capacity of 20MW, and has continued to expand since.

Sharp which currently employs 750 at the site, is planning to hire several hundred additional workers and is also launching a new renewable energy academy at its Wales facility, to train workers to install solar panels that will power homes and businesses.

Welsh Assembly Government head of Americas Geraint Jones said that as a global company, Sharp could have chosen anywhere to invest, but selected Wales because of its tech-savvy workforce and government support for business.

"Sharp’s location in Wales helps reach Europe’s fast-growing solar panel technology market," Jones said.