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

Rumor claims iPhone 6c will come out next year

Rumor claims iPhone 6c will come out next year

Last year Apple fans got the first budget-oriented iPhone, called iPhone 5c, which was in unison with the fifth generation iPhone flagship, which was on the market at that time. The device offered a plastic chassis but despite this it was not a bad smartphone and sold in the millions. Now...

Microsoft gets ready to release SQL Server 2012

Yesterday Microsoft Corporation released the near final test build of the upcoming SQL Server 2012 codenamed “Denali”, a few months ahead of schedule. The Release Candidate (RC 0) can be downloaded freely at Microsoft’s website. The new version comes with numerous changes and improvements...

iPhone 4S is here! Dual-Core A5 Chip, 8MP camera

Ladies and Gentleman the Apple's new iPhone is official! The company today unveiled the much anticipated iPhone 4S, along with the its new iOS 5 mobile operating system and iCloud services. If you have been expecting a completely new design, sorry, the outside of the new iPhone 4S looks...

Leave a comment