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.

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