VSUN has announced new industrial park of 4GW solar modules and 2GW solar cells totaling $300 million investment in Vietnam
VSUN has signed the investment agreement with Hoà Phú Industrial Zone in Bắc Giang, Vietnam at December 3rd, 2020. With $300,000,000 investment, VSUN will set up a PV industrial park covering 42 acres, with the production capacity of 4GW high-efficiency modules and 2GW high-efficiency solar cells in two years.
In recent years, due to the continuous foreign investment and government policy support, Hoà Phú Industrial Zone in Bắc Giang, Vietnam is provided with improved infrastructure and advanced management system. VSUN PV industrial park benefits from the strong policy environment and industrial union resources of the Zone. It is close to Hanoi, the capital of Vietnam, and is about 20 minutes' drive from Hanoi airport.
VSUN PV industrial park will be constructed from 2021 to 2022. After the accomplishment, it is estimated that the annual capacity value will exceed 1.5 billion US dollars, attracting the partners from the whole industrial chain, providing more than 2000 job opportunities and effectively contributing to local economic growth. Construction phase I covers an area of 90000 square meters for 2GW high-efficiency solar cells. Construction Phase II covers an area of 77109 square meters for 4GW high-efficiency solar modules.
The construction is expected to start in Q2 2021. In the near future, VSUN PV industrial park will purchase advanced equipment in the industry and adopt advanced technology to produce high efficiency modules and 210, 182mm PERC and HJT cells. It is designed with The whole manufacturing line including solar cell production, solar module assembling, quality control, raw materials and logistics. It can better meet the global customers' demand, improve cost efficiency, and strengthen the developing industry clusters in PV industry and high technology.
"VSUN PV industrial park will improve global supply capacity, high-efficiency solar module manufacturing and the whole industrial chain. We will implement innovation, reliability, and cost-effectiveness in mapping out our global manufacturing strategy. The plan to list in the US is to support our global expansion and create value for our customers. Meanwhile, VSUN actively undertake the corporate social responsibility, endeavor to meet the expectations from other society fields on VSUN. " said Lewis Cai, CEO of VSUN.