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Chinese solar panel producer invests $500 mln in Vietnam

Sep 28th at 19:28
28-09-2021 19:28:51+07:00

Chinese solar panel producer invests $500 mln in Vietnam

Chinese solar panel maker JinkoSolar Holding Co. has announced a $500 million investment into Vietnam to build a manufacturing facility in the northern province of Quang Ninh.

Workers install solar power panels in the central province of Ninh Thuan in February 2019. Photo by VnExpress/Quynh Tran

The new facility is set to be operational in the first quarter of next year and have an annual capacity of 7 gigawatts, the company stated Monday.

It will produce panel components including ingots and wafers.

"The decision to build a facility in Vietnam is one component of our strategy to ensure the long-term stability of our global supply chain," said Nigel Cockroft, general manager of JinkoSolar U.S. Inc.

The company has nine manufacturing facilities globally and 22 overseas subsidiaries.

Vnexpress

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