When will SEG solar start production in Indonesia?

The plant is expected to start production by the end of 2024. Updated on 17 May to add the technology used in Indonesia and update the status of the US module assembly plant. SEG Solar has signed a land utilisation agreement to build a 5GW vertically integrated PV manufacturing plant in Indonesia.

When will SEG solar build a 5GW solar plant in Indonesia?

The completion of the first phase of the project is scheduled for Q2 2025 with 5GW of solar cells and 3GW of module annual nameplate capacity. Image: SEG Solar. Solar manufacturer SEG Solar has signed a land utilisation agreement to build a 5GW vertically integrated PV manufacturing plant in Indonesia.

How can Indonesia build a robust solar PV manufacturing sector?

One of the primary requirements in building a robust solar PV manufacturing sector is attracting substantial investments. To achieve this, Indonesia may consider incentives to entice foreign and domestic investors. These could include: Grants for plant development.

What will SEG Solar do in Indonesia?

A spokesperson at SEG Solar told PV Tech the primary focus would be on tunnel oxide passivated contact (TOPCon) technology for the plant in Indonesia, and it might consider heterojunction in the future. Once fully operational, the project’s total capacity will be 5GW of annual nameplate production capacity from wafers to modules.

How do Indonesian solar companies compete with China?

One of the biggest challenges is how to compete with the cost of products from China. The cost of solar production declines significantly with the volume produced and, to be competitive, Indonesian manufacturers would need to meet a minimum of around 3 GWp to 7 GWp per year to bring production costs down to around $0.24 per Wp (Exhibit 5).

How much do solar panels cost in Indonesia?

Across the world, the cost of solar panels is declining, and Indonesia is no different. The price of solar modules dropped from USD 4.12 per watt in 2008 to USD 0.17 per watt in 2020. This translates to lower costs for solar energy, which are around USD 0.04 per kWh.