SEG Solar Signed a Strategic Distribution Agreement with PT ATW Sejahtera
SEG Solar (SEG), a leading U.S. producer of photovoltaic (PV) modules for the utility, commercial and residential markets, has announced that it has signed a strategic distribution agreement with PT ATW Sejahtera (ATW), one of the prominent solar PV companies in Indonesia.
Under the terms of the agreement, ATW will leverage its extensive experience in energy investment in Indonesia to accelerate the market entry and penetration of SEG's brand products. SEG is committed to providing comprehensive support, and empowering ATW for sustained growth in the clean energy sector, benefiting local communities and the economy.
"Indonesia possesses abundant solar resources and development potential, with the national planning to achieve 4.68 GW of photovoltaic power generation by 2030.” Antonius Weno, Founder and Chairman of ATW Group, stated, “We are pleased to announce this strategic partnership with SEG, creating greater value for customers and driving sustainable development in the Indonesian PV market."
"With ATW's investment projects exceeding 80 MW across Indonesia, our collaboration with ATW provides a valuable opportunity to get closer to Indonesian customers, further strengthening our regional diversification strategy and advancing towards our long-term goal of becoming a global renewable energy leader," said Jun Zhuge, Founder and COO of SEG.
Earlier, SEG signed a lease agreement with the KITB in Indonesia, planning to invest $500 million in constructing a 5 GW solar cell and 3 GW solar module production line project. Once completed, it will become one of the largest solar cell and module factories in Indonesia.
SEG is dedicated to providing industry-leading PV products, with its YUKON series N-type TOPCon modules gaining recognition in the Indonesian market for outstanding performance in efficiency, reliability, and durability. The YUKON N series includes various models, covering a power range from 415W to 585W, fully meeting the needs of residential, commercial, large-scale, and extra-large ground station projects.
About SEG
Founded in 2016, SEG is a leading vertically integrated PV manufacturer headquartered in Houston, Texas, the U.S., and is dedicated to delivering reliable and cost-effective solar modules to the market. By the end of 2023, SEG has shipped over 5GW of solar modules worldwide. The company is expected to exceed a production capacity of 5.5GW in 2024.
