China-based JinkoSolar Holding Co. Ltd. says it plans to build a solar cell and module manufacturing facility in Penang, Malaysia.
The factory will produce multicrystalline solar photovoltaic components with an output capacity of 500 MW per year of solar cells and 450 MW of modules. The company has signed a tenancy agreement with Nationgate Technology (M) Sdn. Bhd. for the facility.
JinkoSolar says it will invest approximately $100 million to build the plant, including equipment and working capital. Manufacturing operations are expected to commence in May.
‘The Malaysian plant will be our first overseas cell production facility, and its module capacity will add to our overseas module capacity, currently located in South Africa and Portugal,’ says Kangping Chen, CEO of JinkoSolar.’ By expanding our production capacity geographically, we are further diversifying our global manufacturing layout and enhancing our competitiveness in overseas markets.’