On June 24, last year, we added another milestone to Penang’s achievements when Bosch Solar announced their decision to invest in a fully integrated crystalline photovoltaic plant at Batu Kawan. Today’s signing ceremony of the sales & purchase agreement with Penang Development Corporation denotes Bosch’s commitment to its investments in a PV plant in Penang.
Bosch Solar’s 520 million euro (approximately RM2.2 billion) investment in Penang is expected to generate 2000 new jobs in various aspects of crystalline PV production. The Penang facility is envisaged to grow by 30% in the coming years as the facility will adopt and implement state-of-the-art cell technologies coupled with enhanced production processes.
