Vietnamese firm Boviet Solar has opened its first US manufacturing facility in Greenville, North Carolina, with an investment of US$294 million. The plant will produce photovoltaic modules for residential, commercial, and utility-scale markets, Energy Tech has reported.
Energy Tech notes that:
- Phase one of the facility will produce 2 GW of solar modules annually and employ over 400 workers.
- A second phase, expected to cost another US$100 million, will expand capacity and bring in an additional 900 jobs.
- This is Boviet’s first factory in the US and only the second globally.
Boviet Solar’s expansion into the US marks a significant milestone for Vietnam’s clean tech sector, demonstrating the ability of Vietnamese manufacturers to scale globally and contribute to high-value, policy-driven industries abroad.
Of note, Vietnam electric vehicle maker VinFast announced a few years ago that it would be opening a US factory also in North Carolina (a project now abandoned). This could be pure coincidence, however, outbound investment from Vietnam is really rare so it is interesting that both projects were based in North Carolina.
See also: Vietnam’s Solar Power Industry