Indonesia to develop $4 billion polysilicon industry to boost solar panel production
2022-01-27 13:45:36 [Print]
Indonesia is seeking to boost industry production in the country at lower levels than prevailing market prices as it seeks a move away from fossil fuels towards green energy instead.
The Asian country also has a wish to generate 5.3 gigawatts by 2030 through vast solar panel installations.
Two plants are already in progress as a result of a collaboration between potential investors and domestic firms, according to the Coordinating Ministry for Maritime Affairs and Investment.
The first plant, worth $800 million, will be located in Batang, Central Java. It is set to open in the third quarter of 2022 and has an estimated production of 40,000 tons of polysilicon in its preliminary phase. The second plant has an accumulated worth of $3.2 billion and is set to open in North Kalimantan with an estimated production of 160,000 tons of polysilicon.
The Asian country also has a wish to generate 5.3 gigawatts by 2030 through vast solar panel installations.
Two plants are already in progress as a result of a collaboration between potential investors and domestic firms, according to the Coordinating Ministry for Maritime Affairs and Investment.
The first plant, worth $800 million, will be located in Batang, Central Java. It is set to open in the third quarter of 2022 and has an estimated production of 40,000 tons of polysilicon in its preliminary phase. The second plant has an accumulated worth of $3.2 billion and is set to open in North Kalimantan with an estimated production of 160,000 tons of polysilicon.
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