Panasonic to build new solar manufacturing base in Malaysia

Panasonic to build new solar manufacturing base in Malaysia

Panasonic Corporation has announced a new business plan to start a company in Malaysia that will serve as Panasonic’s new solar manufacturing base. 

The new company will have the name Panasonic Energy Malaysia Sdn. Bhd. and will be set up in December 2011. The company will operate a vertically-integrated solar manufacturing facility and the main production of the new business venture will range from wafers to cells and modules.

The new business venture will cost Panasonic 45 billion yen. The company is expected to start operating in December 2012 with an annual production capacity of 300 MW.

This move comes in time with environmental awareness increasing globally and introduction of subsidy systems and Feed-in Tariff schemes in Japan as well as other countries. In addition the solar cell market is predicted to grow further with robust demand is expected especially in the residential sector, which is the main target of the Panasonic HIT (Heterojunction with Intrinsic Thin-layer) solar modules. The new factory, to be built in the Kulim Hi-Tech Park in Kedah, will not only help Panasonic meet this growing demand, but also strengthen the HIT module’s cost-competitiveness with the vertically-integrated production.

Source: Businesswire

Related posts

Skullcandy releases Mix Master Mike DJ headphones

Skullcandy has released their headphones inspired and co-developed with "the Serial Wax Killer", the scratch machine, 3-time world DJ champion and working with Beastie Boys -  DJ Mix Master Mike. Skyllcandy says that hey worked together with Mike almost 18-months to create these...

Sony unveils Handycam SX21E and SR21E with powerful 57x optical zoom

Sony unveils Handycam SX21E and SR21E with powerful 57x optical zoom

Sony today unveiled two new, interesting compact camcorders, which unlike all new recently announced cameras don't offer high-definition video capabilities, but only a standard definition video capturing. The new Handycam camcorder DCR-SX21E and DCR-SR21E are armed with powerful 57x Optical...

Samsung and Toshiba To Develop Advanced High-Performance NAND Flash Memory

Samsung Electronics and Toshiba Corporation today announced a double data rate (DDR) NAND Flash Memory with a 400 megabit per second interface, toggle DDR 2.0. This advanced and high-performance NAND memory is expected to be of benefit for mobile and consumer electronics applications which...

Leave a comment