Solar giant to invest RM42bil


Tan Sri Muhyiddin Yassin held a virtual meeting with Xie Jian, the Chairman and President of Risen Energy Co. Ltd., the world's fifth largest manufacturer of solar modules. - Bernama

KUALA LUMPUR: The government has given the green light to Risen Energy Co Ltd of China, the fifth-largest solar module manufacturer, to expand its operation in Malaysia, which is expected to provide 3,000 jobs for locals and a projected investment worth RM42.2bil.

Prime Minister Tan Sri Muhyiddin Yassin (pic) said the manufacturers’ licence and incentives had been approved under the National Economic Recovery Plan (Penjana) for the design, development and manufacturing of solar cells and solar modules in Malaysia for the company.

The Star Festive Promo: Get 35% OFF Digital Access

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Nation

Three more suspended in HRD Corp governance reset
Penang's esplanade seawall, promenade project wins Unesco heritage award
DAP’s pledge to back unity govt key to stability, says Fuziah
Malaysia weighs Impact of US tariff ruling, says Johari
Urgent action needed to combat synthetic drug abuse among students, says Lee Lam Thye
Scheduled water rationing in Kluang, Pontian ends
Chinese national feared drowned in Langkawi
Make mosques centres of unity, not exclusive domain of any group, says Pahang Sultan
Umno Supreme Working Council to decide on Bersatu members rejoining party, says Ahmad Maslan
3,685 flee homes as floods worsen in Sabah

Others Also Read