Apache POI 3.7 OutOfMemoryError: Java heap space when writing to large no of rows to xlsx files

I need to write a result set of more than 65000 rows in xlsx file. So, I am trying to use Apache POI 3.7. I get an OutOfMemoryError: Java heap space. How do I solve this problem besides increasing JVM memory which doesn't seem to solve the problem.

Simple sample code:

public static void main(String[] args) throws IOException {
    Workbook wb = new XSSFWorkbook();
    CreationHelper createHelper = wb.getCreationHelper();
    Sheet sheet = wb.createSheet("new sheet");

    // Create a row and put some cells in it. Rows are 0 based.
    for (int i=0;i<65000;i++){
        Row row = sheet.createRow((int) i);
    // Create a cell and put a value in it.
    Cell cell = row.createCell(0);
    cell.setCellValue(1);

    // Or do it on one line.
    row.createCell(1).setCellValue(1.2);
    row.createCell(2).setCellValue(
            createHelper.createRichTextString("This is a string"));
    row.createCell(3).setCellValue(true);
    }
   

    // Write the output to a file
    FileOutputStream fileOut = new FileOutputStream("test1.xls");
    fileOut.flush();
    wb.write(fileOut);
    fileOut.close();
}