SEG Photo voltaic has signed an 80-year lease with the Indonesian industrial actual property improvement company, Kawasan Industri Terpadu Batang (KITB), for a 41-hectare web site in Batang, central Indonesia.
The US firm stated it intends to speculate $500 million to develop land for five GW of cell and three GW of module capability. It’s going to make the funding by means of SEG ATW Photo voltaic Manufaktur Indonesia, a three way partnership with ATW Investasi Selaras, a renewable power developer in Indonesia.
The challenge is scheduled to be accomplished within the second quarter of 2024. It is going to be one of many largest photo voltaic cell and module factories in Indonesia, in keeping with SEG.
“The nation gives a supportive surroundings with favorable insurance policies, tax advantages and ample silicon assets,” stated SEG Photo voltaic CEO Jim Wooden.
The Batang cell manufacturing line will provide SEG Photo voltaic’s not too long ago introduced 2 GW module manufacturing facility in Houston, enabling the corporate to develop into extra vertically built-in, it stated in an announcement. It not too long ago reported plans to construct module manufacturing gear with Suzhou Horad New Vitality Gear to supply 2 GW of tunnel oxide passivated contact (TOPCon) photo voltaic modules in Texas.
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