SEG Solar And PT KITB Forge $500 Million Deal To Build Massive Solar Production Facilities In Indonesia

A file photo of SEG Solar and PT KITB Forge $500 Million Deal to Build Massive Solar Production Facilities in Indonesia

SEG Solar (SEG) and PT Kawasan Industri Terpadu Batang (KITB), announced that they have entered into a binding agreement for the lease of approximately 41 hectares of land located in the Batang Regency, Central Java, Indonesia for a term of 80 years.


SEG intends to invest a total of $500 million to develop the land for the construction of a 5GW solar cell production facility and a 3GW solar module manufacturing facility through PT SEG ATW Solar Manufaktur Indonesia, a joint-venture project company. SEG has partnered with PT ATW Investasi Selaras (ATW Group) to assist with the development of the facilities at the local level in Indonesia.

The solar cell production line will vertically supply SEG’s module factory in Houston, Texas, USA and guarantee the full capability to trace components within the module supply chain. SEG aims to cooperate with other PV component suppliers, including wafers, ingots, junction boxes, frames, and EVA films, to establish manufacturing facilities in Indonesia, paving the way for comprehensive business development across the entire PV value chain.

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Jim Wood, CEO of SEG, emphasized, “The country offers a supportive environment with favorable policies, taxation benefits and abundant silicon resources.”

Antonius Weno, founder and chairman of ATW Group stated, “The world-class manufacturing experience and financial commitment from SEG will upscale Indonesian involvement in the global supply chain of the renewable energy industry.”

Ngurah Wirawan, President Director of KITB, also said “KITB is looking forward to partnering with the SEG to bring more renewable energy production to the country. ”

Bahlil Lahadalia, Minister of Investment of The Republic of Indonesia, expressed. “This investment will create more than 2,000 jobs for the people of Indonesia and significantly contribute to the economic growth of the Batang region. The Indonesian government is committed to providing tax support, aiming to foster mutually beneficial outcomes.”

The facilities are scheduled to be completed in Q2 2024 and will be one of Indonesia’s largest solar cell and module factories.

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