China solar products maker JinkoSolar Holding Co. will invest US$100 million is plans to build a photovoltaic cell and module manufacturing facility in Penang, Malaysia.
The manufacturing facility will utilize high-efficiency multi-crystalline technology, and once completed, will provide JinkoSolar with additional production capacity of 500 megawatts of solar PV cells and 450MW of modules.
JinkoSolar has already signed an agreement to lease a space to build the plant., which is due to start operating later this year.
“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 ,” said 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.”