Solar power era begins in Vietnam

Published onFebruary 28, 2018

In late January 2018, the US-based First Solar officially announced its return to Vietnam and the decision to build one more plant to double production capacity. The first plant, covering an area of 100,000 square meters, will become operational in the fourth quarter this year with the annual capacity of 1.2 GW. First Solar’s comeback after seven years of interruption, according to analysts, was kicked off by the 40 percent growth rate of the solar panel market in recent years. Along with the breakthrough in thin-film battery technology, the company has succeeded in making Series 6 panels, with efficiency higher by 30 percent and production cost lower by 45 percent than previous generations…

…having experienced and qualified R&D staff, SolarBK is the only Vietnamese company to join the solar panel market. The company focuses on making silicon crystal-lie panels to take full advantage of the technology and Vietnam’s geographical position which is near China and Taiwan, the world’s biggest photovoltaic equipment manufacturing centers. After many efforts, SolarBK started the first phase of its panel production project with the capacity of 450 MW in early 2017.