Govt approves RM42.2b solar module manufacturing investment


KUALA LUMPUR: The government has approved a manufacturer’s licence and incentives under the National Economic Recovery Plan (PENJANA) for the design, development and manufacturing of solar cells and solar modules in Malaysia for Risen Energy Co Ltd with a total investment of RM42.2 billion.

Prime Minister Tan Sri Muhyiddin Yassin said the investment through Risen Solar Technology Sdn Bhd for a period of five years from 2021 to 2025 is expected to generate 3,000 jobs for Malaysians.

“Besides that, the company will collaborate with local universities/ institutions in conducting research and development (R&D) activities including internships,” he said in a post on his official Facebook page on Thursday. – Bernama

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