JAKARTA - The new era of renewable energy in Southeast Asia has begun with today's monumental announcement. SUG Solar (SEG), a leading photovoltaic (PV) manufacturer from the United States, has signed an Industrial Land Utilization Agreement (PPTI) with PT Batang Integrated Industrial Estate (Grand Batang City) which is the Holding BUMN Danareksa to build its newest factory.
SUG's great investment marks an important step in making Grand Batang City the largest PV manufacturing center in Southeast Asia to strengthen Indonesia's commitment to green energy, and open up new opportunities for economic growth and job creation.
Jun Zhuge, founder and COO SUG, and Ngurah Wirawan, President Director of Grand Batang City, officially signed PPTI for a 40 hectare land. The signing of this PPTI is clear evidence of the seriousness of SEG's commitment to invest in Indonesia worth more than 500 million US dollars.
The SUG plant in Grand Batang City will be one of the largest PV manufacturing facilities in Southeast Asia, with annual production capacities reaching 5GW for solar cells and 5GW for modules. This ambitious project is expected to create more than 3,000 jobs, provide significant impetus to the local economy and improve labor skills in the field of PV technology.
"The existence of the SEG is clear evidence of the attractiveness of Grand Batang City as the main investment destination for the PV manufacturing industry. We are committed to providing full support to the Solar SEG in building their factories and helping them achieve success in Indonesia," said Ngurah Wirawan, in Jakarta, Wednesday 15 May.
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"Integrated location in all industrial chains is very important for SEG to comply with supply chain standards that are in accordance with the law. Through upstream and downstream coordination, SUG ensures the supply of clean and traceable green products for markets in the United States, Europe, and Indonesia, thereby facilitating the global transition to low-carbon green energy," said Jun Zhuge, Founder and COO SUG.
The construction of the SUG Solar factory in Grand Batang City is expected to begin in 2024 and be completed in the second quarter of 2025. With the presence of the SEG Grand Batang City entering a new chapter as the largest renewable energy manufacturing hub in Southeast Asia, driving economic growth by creating new jobs, strengthening commitments to renewable energy and the transition to a sustainable energy future, and encouraging production localization and increasing efficiency.
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