- Malaysian Trade and Industry Ministry has announced Risen Energy is developing a new facility with 3 GW annual capacity in the country
- It will cost MYR 42.2 billion over 15 years and final product will cater to global market
- The facility will produce bifacial solar panels from Q1/2022 when it comes online
By the end of 2021, Risen Energy wants to achieve cumulative solar module production capacity of 30 GW and has been building its new PV production bases in Ninghai, Changzhou, Yiwu, Chuzhou in China and also a new facility in Malaysia. However, the company hasn’t shared details of these facilities.
Now, Malaysia’s Ministry of International Trade and Industry (MITI) has announced the Chinese company is establishing a bifacial solar module fab in Kulim Hi-Tech Park in Kedah region of Malaysia, ‘to cater for the growing global market’. It will contribute an annual production capacity of 3 GW for the initial 5 years, said the ministry.
It plans to invest MYR 42.2 billion ($10.14 billion) over 15 years, comprising capex and operational expenditure. The new fab is scheduled to start commercial operations in Q1/2022.
With the manufacturing facility, MITI said 3,000 job opportunities will be created in managerial, technical and supervisory (MTS) positions, including 500 engineers.
At SNEC 2021, Risen Energy launched its 210mm silicon wafer sized 700W high efficiency solar panel combining TOPCon and heterojunction technologies calling it NewT@N (see 700W Solar Power Modules From Risen Energy).
Risen Energy was part of TaiyangNews’ Virtual Conference on Very High-Power Solar Modules held in May 2021 where the company’s Head of Product Management Yifeng Song said his company remains committed to 210mm module size and HJT as the optimal cell technology for the near future (see Day 2: TaiyangNews Very High-Power Solar Modules Conference).