The industrial park reflects SEG's dedication to international growth and investment in Indonesia, with the goal of creating an annual production capacity of 5 gigawatts (GW) for silicon ingots, wafers, cells, and modules, positioning it as the largest vertically integrated photovoltaic industrial park in Indonesia.

SEG will seek to collaborate with additional PV component manufacturers to set up production facilities in Indonesia, facilitating extensive business growth across the complete PV value chain.

Indonesia, the foremost economy in Southeast Asia, is making significant efforts to entice investment in its solar manufacturing sector, aiming to capitalize on the U.S. anti-dumping tariffs targeting China and certain neighboring Southeast Asian countries.

Indonesia has not yet faced any such tariffs. This is why it aims to draw foreign firms, such as Chinese and American, to move their manufacturing to the Southeast Asian nation by enhancing incentives for solar equipment manufacturers.

China, Cambodia, Malaysia, Thailand, and Vietnam encounter U.S. tariffs and limitations on exporting their solar products, such as panels and other equipment, since the United States has concluded that they have participated in dumping activities.

Last year, Indonesia reduced the minimum local content requirement for solar power plants from 40 percent to 20 percent, aiming to draw more investments in its renewable energy sector and secure at least half of the financing for clean energy projects from foreign multilateral lenders.

Additionally, Indonesia and other Southeast Asian nations investing in the growing solar manufacturing industry for exports to the U.S. must enhance their local demand to ensure sustainable growth in the sector, despite U.S. protectionist measures.