Monday, August 22, 2011

Sun rises on solar technology in Malaysia

KUALA LUMPUR: Malaysia, which has become an investment magnet for global solar panel manufacturers, is expected to see its latest addition tomorrow.

A US-based company, which will ink a deal with Senai High-Tech Park Sdn Bhd, is expanding its operations in this part of the world, and Malaysia serves as an ideal location.

Prime Minister Datuk Seri Najib Razak is expected to witness the signing of a memorandum of understanding (MoU) between the new investor and Senai High-Tech Park, the developer of the high technology park located within Iskandar Malaysia.

The park management, however, has declined to disclose details of this latest investment.

First Solar and SunPower of the US and Q-Cells of Germany are among the significant investors in the solar technology industry.

Solar technology is a major growth opportunity for Malaysia, with the energy technology industry enjoying a 20 per cent annual growth rate.

With its aim to become the world's third-largest solar photovoltaic cell producer, Malaysia's investment package has also attracted Tokuyama, Osram, Fuji, Rohm-Wako and Nichia over the past three years.

Senai Hi Tech Park, which is the second high technology industrial park after the successful Kulim park, has already attracted large foreign firms that have been aggressively pursuing technology-related businesses. It is located near the Senai airport.

So far, the park has attracted investments in semiconductor, solar, advanced material industries and nanotechnology to the tune of RM3 billion.

Senai High-Tech Park Sdn Bhd is a wholly-owned subsidiary of Senai Airport Terminal Services Sdn Bhd, under the MMC Group of Companies.

Read more: Sun rises on solar technology in Malaysia

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