Risen Energy which is a Solar PV manufacturing company is set to establish its first production facility in Southeast Asia as part of its strategic plan for the region. It has plans to invest $13.35 billion over 15 years in a new solar PV cell and module manufacturing hub in Malaysia. This will be a 3GW manufacturing facility in Kedah, in Malaysia’s northwest region.
Malaysia is already home to production bases for some of the world’s largest PV producers including JinkoSolar, Longi Solar, Hanwha Q Cell and First Solar.
Malaysia’s International Trade and Industry Minister, Datuk Seri Mohamed Azmin Ali, said that Risen Energy had secured a manufacturer’s licence under the country’s national economic recovery plan, enabling it to design, develop and manufacture high-efficiency solar PV cells and modules. The construction at the Kulim Hi-Tech Park will be completed by the end of this year, while commercial activities are expected to begin in Q1 2022. This new facility is likely to contribute an annual production capacity of 3 GW for the first five years.