SEG inks land deal for USD-500m PV factory in Indonesia

US vertically-integrated photovoltaics (PV) manufacturer SEG Solar has signed a land utilisation agreement for a site in Indonesia that will host a multi-gigawatt-scale manufacturing complex for solar equipment.

The deal with Kawasan Industri Terpadu Batang, the largest state-owned industrial estate in Indonesia, will facilitate the construction of a USD-500-million-plus (EUR 461.7m) industrial PV production complex, SEG Solar said on Wednesday. The US firm’s plan is to create a site with the capacity to make 5 GW of silicon wafers, 5 GW of solar cells and 5 GW of modules.

The PV industrial complex will be located in the Batang Regency of Central Java province and will be the largest one of its kind in Southeast Asia. It will cover a total area of 40 hectares (98.8 acres). In the first phase, SEG Solar will install manufacturing facilities with an annual output of 5 GW for solar cells and 3 GW for modules. They are expected to begin operations in the second quarter of next year.

More than 3,000 jobs are anticipated to be created as the project moves forward.

Texas-based SEG Solar, which is also looking to build a 2-GW factory at home in Houston, aims to have more than 5.5 GW of global panel production capacity in 2024.

(USD 1.0 = EUR 0.923)

Choose your newsletter by Renewables Now. Join for free!