SEG Solar, and Kawasan Industri Terpadu Batang (Grand Batang City) have finalised a Land Utilisation Agreement for the development and operation of a photovoltaic industrial park in the Batang Regency, Java, Indonesia. The park is anticipated to include factories for the production and assembly of silicon ingots, wafers, cells, and modules.
The SEG Indonesia PV industrial park project will have an investment exceeding $500 million and will span over 40 hectares. The overall plan for the park includes a vertical integration capacity of 5 GW for silicon wafers, 5 GW for solar cells, and 5 GW for modules.
In the first phase of the project, SEG will build facilities capable of producing 5 GW of solar cells and 3 GW of modules, aiming for completion by the second quarter of 2025. The SEG Indonesia PV industrial park is projected to generate over 3,000 jobs, enhancing employment opportunities and economic growth for the local community.
REGlobal’s Views: Headquartered in the US in Houston, SEG Solar is expanding its production in the US as well owing to attractive policies for promoting domestic manufacturing in the country. Further, Indonesia is not in the list of the four Southeast Asian countries, from where importing solar cells attracts increases tariffs in the US. Thus, the upcoming solar manufacturing facility can not only cater to the Asian market but also export to the US.
