SEG Solar (SEG), a Texas-based module manufacturer, is leasing land in Indonesia for 5 GW of solar and 3 GW of solar cell capacity.
The US company announced plans to invest $500 million to build the country’s 5 GW of cell and 3 GW of module capacity. It is making the investment through SEG ATW Solar Manufaktur Indonesia, a joint venture with Indonesian renewable energy developer ATW Investasi Selaras.
The project is scheduled to be completed in the second quarter of 2024. According to SEG, it is one of the largest solar cell and module factories in Indonesia.
“The country offers a supportive environment with favorable policies, tax incentives and abundant silicon resources,” said Jim Wood, CEO of SEG Solar.
Batang’s cell production line will supply SEG Solar’s recently announced 2GW module factory in Houston, enabling the company to integrate vertically, it said in a statement. It recently reported plans to develop module manufacturing equipment with Suzhou Horad New Energy Equipment to produce 2 GW of TOPCon solar modules in Texas.