JinkoSolar announced it plans to build a solar cell and module manufacturing facility in Penang, Malaysia. The expected production capacity is 500MW for PV cells and 450MW for modules.
Located in Penang, Malaysia, the manufacturing facility will utilize the latest high - efficiency multi-crystalline technology, and once completed, will provide JinkoSolar with additional production capacity. The company has signed a tenancy agreement with Nationgate Technology (M) Sdn. Bhd. for the workshops in which the production line is going to be built. JinkoSolar will invest approximately US$100 million to build the plant including equipment and working capital which is expected to begin operations in May 2015.
"We are excited to be among the first Chinese solar manufacturers to invest in Malaysia. 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,” commented Mr. Kangping Chen, JinkoSolar's Chief Executive Officer. “By expanding our production capacity geographically, we are further diversifying our global manufacturing layout and enhancing our competitiveness in overseas markets."
Malaysia continues to support the growth of the renewable energy industry by leveraging its competitive cost environment, relatively advanced industrial capabilities, engineers, and preferential tax policies. JinkoSolar’s project is strongly supported by MIDA (Malaysian Industrial Development Authority) and the local government. The new facility will further promote the development of solar industry in Malaysia, said Mr. Chen.