Renewable Energy

STANDARD ENERGY’s $100 Million investment in Thailand: Major boost for RE sector

STANDARD ENERGY’s new 3GW silicon wafer and 3GW photovoltaic (PV) cell smart factory in Thailand has received its first batch of equipment. This significant milestone marks a crucial step towards production, reinforcing Thailand’s position as a key player in the global photovoltaic industry.

The factory, located in the LK Rayong Industrial City Hub, spans an impressive 120,000 square meters. With construction having begun in 2023, the facility has now reached the installation phase for its advanced equipment. The PV cell production line is anticipated to commence operations by July, followed closely by the silicon wafer production line in September.

With an investment exceeding $100 million, this state-of-the-art factory is the third-largest smart factory in Thailand. It is designed to significantly enhance Thailand’s photovoltaic smart manufacturing capabilities, injecting new momentum into the global transition towards green energy. STANDARD ENERGY’s facility specializes in N-type silicon wafers and PV cell technology, boasting an annual production capacity of 3GW for each product. The factory’s output will be a critical component in the photovoltaic industry chain, ensuring supply chain traceability for global PV panel manufacturers.

The establishment of this factory not only expands production capacity but also sets a benchmark for technological innovation and industrial advancement. The facility is committed to constructing fully intelligent production workshops, incorporating advanced automation equipment and intelligent management systems. This approach is expected to elevate product quality and production efficiency, setting new standards for local industrial manufacturing and promoting significant industrial upgrades within Thailand’s manufacturing sector.

STANDARD ENERGY is dedicated to ensuring the high-quality and efficient construction of the factory, aiming to commence production on schedule. This initiative will play a vital role in the coordinated development of Thailand’s renewable energy industry, generating over 1,000 local jobs and stimulating growth in related industries such as raw materials, equipment, and logistics. The ripple effect of this project is expected to drive comprehensive economic and social progress in the region.

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