German firm Q-Cells has announced plans to invest 5 billion Ringgit ($1.6 billion) in a new photovoltaic solar-cell factory in Malaysia. The company, the world’s largest manufacturer of solar-cells, will build the complex on a 150-hectare site in Selangor Science Park II in Bukit Raja, Dengkil.
Speaking at the ground breaking ceremony on Monday, Chief Executive Anton Milner said, “What we have foreseen up to now is an investment budget of $5 billion Ringgit and we hope to employ 800 to 900 people in the first phase.”
It is expected that construction work at the facility will be finished early next year, with production beginning in the second quarter. A further 1,600 to 1,800 people will be recruited in two further expansion phases, with total production capacity expected to peak at around 300 megawatts (Mw) per year.
The site, given the green light on the back of rising interest from Q-Cell subsidiary companies, will mainly supply European and emerging markets in “sunny countries,” including those in South East Asia, the Mediterranean and the Middle East, where energy prices are high.
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