- AD Green has announced its 3 GW annual solar module production fab in Vietnam
- It will produce 540W monocrystalline PV panels from 500 MW operational now
- Once all of 3 GW is ramped up, the fab will roll out up to 480,000 panels/month
- With the US tariff pause against Vietnamese panels till June 2024, it sees the country as a big target market
A new solar module production facility in Vietnam’s Thai Binh has been launched by AD Green with 3 GW annual capacity through which it aims to cater to both domestic and overseas projects, especially in the US market.
A subsidiary of local Vietnamese business group Damsan Joint Stock Company, AD Green said it wants to take advantage of the tariff exemption for Vietnam solar panels in the US that’s to last till June 2024 (see 24-Month Bridge For US Tariffs Remain).
It explained, “This exemption, lasting up to 24 months, allows AD Green to meet the skyrocketing solar energy demand in the United States, opening new opportunities for the company to expand its market presence and contribute to the global renewable energy transition.”
The automated fab currently has 500 MW operational capacity under phase I, with the company planning to bring online all of 3 GW over the next 12 months. It is spread across 79,000 m² space in An Ninh Industrial Park.
It will start shipping 540W monocrystalline PV cell panels, with half-cell and tilling ribbon, technology to customers from this month. Once it is fully ramped up to 3 GW capacity, the fab will produce up to 480,000 solar panels/month.
Target applications are residential and commercial rooftop, as well as utility scale power plants.
The Vietnamese company is also open to collaboration with established international players that are interested in local solar projects since AD Green’s parent Damsan itself owns several industrial parks and calls itself a leading land developer.
