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Panasonic builds Malaysia solar base

Posted: 29 Nov 2011 ?? ?Print Version ?Bookmark and Share

Keywords:solar manufacturing? solar cells?

Panasonic Corp. is planning to establish a company in Malaysia that will serve as the firm's solar manufacturing base. The company, Panasonic Energy Malaysia Sdn. Bhd., will be set up in December 2011 and will operate a vertically-integrated solar manufacturing facility that will produce wafers, cells and modules.

Panasonic is investing $584.64 million in the solar manufacturing facility, which will be located at Kulim Hi-Tech Park in Kedah, Malaysia. The facility targets to start operations in December 2012 with an annual production capacity of 300MW. The plant has an approximate area of 70,000m2 and will employ around 1,500 people.

According to Panasonic, "With environmental awareness increasing globally and introduction of subsidy systems and Feed-in Tariff schemes in Japan as well as other countries, etc., the solar cell market is predicted to grow further."

Malaysia gears up to be largest solar panel maker
The country's 15-year tax holiday for solar company profits and low interest rates make it an ideal destination for foreign investors. Read more of the article here.

The factory will not only help Panasonic meet the growing demand for solar cells, but also strengthen its module's cost-competitiveness with the vertically-integrated production, Panasonic said in a statement

Panasonic will sell its solar modules as an individual product as well as part of a system combined with storage batteries.





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