Risen Energy, a Chinese solar PV manufacturer plans to invest 42.2 billion ringgit ($13.35 billion) in a new solar PV cell and module manufacturing center in Malaysia over a 15-year period. A 3GW manufacturing plant will be built in Kedah, Malaysia’s northwest area. This is a step in the direction of expanding the manufacturer’s presence in Southeast Asia.
The new production hub is expected to provide the company with a key location in the heart of Southeast Asia. Construction at the Kulim Hi-Tech Park will be finished by the end of this year, with commercial operations set to commence in 2022. The new manufacturing center would not only help Risen Energy to boost its production capacity, but also promise economic growth possibilities to Malaysia’s investment environment. Approximately 3,000 jobs are projected to be generated as a result of the project.
Risen Energy was formed in 1986 which has grown to now have a turnover of about $2 billion (in 2020) and solar goods being supplied to over 100 countries. Risen Energy has also previously disclosed ambitions to build a 2 GW renewable energy portfolio in Australia. Six projects have already reached the settlement phase, with a combined project capacity of 80 MW.
Malaysia is already home to a significant number of manufacturing facilities for PV manufacturers such as JinkoSolar, Longi Solar, Hanwha Q Cell, and First Solar, among others.