Xinhua Silk Road: SEG Solar, KITB sign long-term land lease contract for solar cell & module facility construction
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Xinhua Silk Road: SEG Solar, KITB sign long-term land lease contract for solar cell & module facility construction
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WASHINGTON, June 26, 2023 /PRNewswire/ SEG Solar (SEG) and PT Kawasan Industri Terpadu Batang(KITB),announced entering into a binding agreement for the lease of approximately 41 hectares of land located in the Batang Regency, Central Java, Indonesia for a term of 80 years. SEG intends to invest a total of 500 million U.S. dollars to develop the land for construction of a 5GW solar cell production facility and a 3GW solar module manufacturing facility through PT SEG ATW Solar Manufaktur Indonesia, a joint-venture project company.SEG has partnered with PT ATW Investasi Selaras (ATW Group) to assist with the development of the facilities at the local level in Indonesia. SEG and KITB signing ceremony The solar cell production line will vertically supply SEG's module factory in Houston, Texas, USA and guarantee full capability to trace components within the module supply chain. SEG aims to cooperate with other PV component suppliers, including wafers, ingots, junction boxes, frames, a