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China Capital Invests In Solar Power In Vietnam

Author: Source: Datetime: 2017-01-19 10:05:33
Vietnam VINA SOLAR has just signed a cooperation agreement with Trina Solar, the largest solar panel production company in China, and Xixin Integrated Technology Co., Ltd. Announced that it has invested US $ 23 million in a joint venture with VINA SOLAR to set up plants in Vietnam to produce 600,000 kilowatts and 1,000,000 kilowatts of solar power batteries and solar panels.

Xixin integrated technology company said the investment is conducive to lower production costs, and help to lay the value of the company supply chain, improve the competitiveness of companies, opening up Europe and the United States market, because the European and American markets are on China's production of solar panels set up trade barriers. Trina Solar said it was a win-win cooperation for Vietnam to bring advanced solar panel technology and provide 1,000 jobs.
solar panel village
At the same time, Trina Solar Limited has just completed the production of solar panels in Beijiang, Vietnam (Vietnam's largest solar energy production province with a total production capacity of 5.2 million kilowatts / year), with a total investment of US $ 100 million , The total production capacity is 800,000 kilowatts / year. In November 2016, China JA Solar invested US $ 1 billion to set up a solar panel production plant in Beijiang. The project covers an area of 88 hectares.

It is predicted that the global demand for portable solar power generator solar panels will gradually increase, while the production and installation costs have dropped significantly. According to the International Renewable Energy Agency report, this trend will help to replace fossil energy solar energy. This is also the field of solar energy investment in Vietnam after a number of well-known solar panel project bankruptcy, once again heat up the cause.
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