SEG Photo voltaic has signed an 80-year lease with the Indonesian industrial actual property growth company, Kawasan Industri Terpadu Batang (KITB), for a 41-hectare web site in Batang, central Indonesia.
The US firm stated it intends to take a position $500 million to develop land for five GW of cell and three GW of module capability. It is going to make the funding via SEG ATW Photo voltaic Manufaktur Indonesia, a three way partnership with ATW Investasi Selaras, a renewable power developer in Indonesia.
The venture is scheduled to be accomplished within the second quarter of 2024. Will probably be one of many largest photo voltaic cell and module factories in Indonesia, in line with SEG.
“The nation provides a supportive atmosphere with favorable insurance policies, tax advantages and plentiful silicon assets,” stated SEG Photo voltaic CEO Jim Wooden.
The Batang cell manufacturing line will provide SEG Photo voltaic’s lately introduced 2 GW module manufacturing unit in Houston, enabling the corporate to change into extra vertically built-in, it stated in a press release. It lately reported plans to construct module manufacturing gear with Suzhou Horad New Vitality Tools to provide 2 GW of tunnel oxide passivated contact (TOPCon) photo voltaic modules in Texas.
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