TS Solartech to expand Malaysian plant

Malaysian solar cell manufacturer TS SolarTech has announced plans to expand its 60MW plant to 640MW by 2015.

TS Solartech, a 60% owned subsidiary of investment company Tek Seng, said it had invested RM94 million (US$38.5 million) to build the existing facility in Bukit Minyak Science Park on the mainland of Penang. Tek Seng Group Executive Chairman Loh Kok Beng said TS Solartech had partnered with German company, Schmid in this venture.

According to local newspaper The Star, the factory expansion is expected to cost an additional RM480 million (US$1.54 million).

TS SolarTech expects to generate 50% of its solar business from the export market while the balance is from the Malaysian market.

Loh said the total production capacity for photovoltaic cells in Malaysia is expected to touch 360MW in 2015, recording a compound annual average growth of 88% from the 29MW this year, adding that Malaysia is well placed to raise its global market share to 17% by 2020.
 

PV-Tech Storage Promo

Newsletter

Preview Latest
Subscribe
We won't share your details - promise!

Publications

  • Photovoltaics International 25th Edition

    In this issue we offer some insights into what the next wave of photovoltaic technologies may look like as that upturn gathers pace. Industry observers have been in broad agreement that the major next-gen PV technology innovations won’t happen straight away. But there’s also little doubt that the search is now on in earnest for the breakthroughs that will come to define the state of the art in the industry in the years to come.

  • Manufacturing The Solar Future: The 2014 Production Annual

    Although the past few years have proved extremely testing for PV equipment manufacturers, falling module prices have driven solar end-market demand to previously unseen levels. That demand is now starting to be felt by manufacturers, to the extent that leading companies are starting to talk about serious capacity expansions later this year and into 2015. This means that the next 12 months will be a critical period if companies throughout the supply chain are to take full advantage of the PV industry’s next growth phase.

Partners

Acknowledgements

Solar Media