LONGi held an opening ceremony for its new factory in Kuching, Malaysia on July 29. The factory was acquired from SunEdison in this February, and LONGi allocates production capacities including 600MW of monocrystalline PV cells, 300MW of monocrystalline products, and 600MW of monocrystalline PV modules in it.
SunEdison transferred the Kuching wafer factory, including the building and equipment such as slicing machines, to LONGi at US$63 million in this February as part of the company’s “asset-light strategy.”
LONGi established LONGi (Kuching) Sdn. Bhd. after acquiring the wafer factory and officially started manufacturing. The factory will create over 2,500 local jobs for Malaysians. Solar panels manufactured by this factory are estimated to generate over 2,000GWh of clean electricity per year if installed and become operational.
