Malaysia says China's Risen Energy to invest $10 billion in new facility

  • 6/24/2021
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KUALA LUMPUR (Reuters) - Malaysia on Thursday said Chinese solar energy firm Risen Energy Co Ltd will invest 42.2 billion ringgit ($10.13 billion) over 15 years in a new production facility to manufacture high-efficiency photovoltaic modules. The new facility will be Risen Energy’s first investment in Southeast Asia, Malaysia’s trade ministry said in a statement, and is expected to begin commercial activities by Q1 2022. ($1 = 4.1650 ringgit) Reporting by Joseph Sipalan; Editing by Ed Davies Our Standards: The Thomson Reuters Trust Principles.

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