Australian-backed firm invests P3.3 billion in Batangas solar cell plant
Australian-backed renewable energy (RE) company Philippine Aurion Solar Technologies Inc. has invested over P3.34 billion in a solar cell manufacturing facility at the First Philippine Industrial Park (FPIP) in Sto. Tomas, Batangas.
Manila, Philippines - Australian-backed renewable energy company Philippine Aurion Solar Technologies Inc. has invested more than P3.34 billion in a solar cell manufacturing plant located at the First Philippine Industrial Park (FPIP) in Sto. Tomas, Batangas. According to FPIP, the 1.3-hectare plant will primarily produce solar cells for customers in the United States and Europe.
As Philippine Aurion expands in the country, it aims to cater to additional markets. The firm's manufacturing operations will be supported by over 500 local professionals and technical workers. This investment not only creates jobs but also facilitates the transfer of specialized manufacturing expertise to Filipino workers. Furthermore, the facility is expected to contribute to the growth of renewable energy manufacturing in the Philippines.
Philippine Aurion President Huai Jin Yang expressed his enthusiasm about establishing the first manufacturing facility in the Philippines at FPIP, highlighting the company's confidence in the country's renewable energy sector and workforce. Yutaro Kuryu, senior vice president for FPIP Industrial Business, noted that the company's decision to set up manufacturing operations in the country aligns with their goal of attracting investments that bring new technology and long-term value to the nation.
FPIP is pleased to support Philippine Aurion in building and scaling their operations in the country as the Philippines continues to grow as a renewable energy manufacturing hub.
Written by urgent.news from Philippine Star Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
