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

BenQ's New SH910 and SH960 DLP projectors

BenQ has recently extended its DLP projector lineup with two new additions, offering Full HD 1080p image quality and ultra-high brightness. Both new model codenamed SH910 and SH960, are equipped with Texas Instruments’ advanced DLP optical engine and offer a host of installation and placement...

Lenovo offers new super thin business ultrabook

Lenovo has joined all other companies that offer thin business ultrabooks with the release of the super slim ThinkPad X1 Carbon business-oriented ultrabook. Being an update to last year’s ThinkPad X1 ultraportable notebook, the new device comes with powerful hardware hidden inside a very...

Hitachi outs 2.5-inch Ultrastar C10K600 10K RPM Hard Drive

Hitachi Global Storage today released its 2.5-inch Ultrastar C10K600 hard drive, claimed as industry’s fastest and most power-efficient Enterprise hard drive. The Hitachi Ultrastar C10K600 boasts 10,000RPM on a 6Gb/s Serial Attached SCSI interface and delivers "up to 15 percent better random and...

Leave a comment