Panasonic to set Solar Manufacturing Base in Malaysia
Panasonic has unveiled its plan to establish a company in Malaysia that is said to serve as Panasonic's new solar manufacturing base. Panasonic Energy Malaysia Sdn. Bhd., to be set up in December 2011, is supposed to operate a vertically-integrated solar manufacturing facility producing from wafers to cells and modules. Panasonic is believed to invest 45 billion yen in the facility, which will start operation in December 2012 with an annual production capacity of 300 MW.
Panasonic is said to sell its solar modules as an individual product as well as part of a system combined with storage batteries. Further, as part of its comprehensive solutions business, which is built on capacities brought together across the Panasonic group companies, Panasonic claims to accelerate its solar business development globally.
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