Bosch committed to solar plant investment in Malaysia

Bosch will continue the construction of the solar energy plant in Penang, Malaysia at a later date.

This was announced by Martin Hayes, President and Managing Director of Robert Bosch (South East Asia) Pte Ltd.

Bosch had earlier been reported as having postponed construction of the RM2.2 billion solar panel plant in Batu Kawan, Penang.

Hayes did confrim this report, saying "We will therefore be adjusting the commencement of the construction to a later time in 2012."

In a statement today, Hayes said the new facility would be an essential part of its globalisation target to further reduce costs and increase energy yields.

"In order to achieve economies of scale in production costs, Bosch is currently evaluating the most technologically advantageous direction for the plant.

The company also said that it was pushing ahead with the internationalisation of photovoltaics, despite the current difficult market environment.

"Bosch is convinced that photovoltaics is a business with long-term potential, and will play a major part in the progressive move to new sources of energy," the statement said.

For the source of this story, click here.

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