Vietnamese photo voltaic panel producer AD Inexperienced has introduced that it has began manufacturing actions at its new manufacturing facility in Thai Binh.
The power at present has a capability of 500 MW and is anticipated to achieve 3 GW inside 12 months. “The absolutely operational facility will start delivery its 540 W monocrystalline photovoltaic panels to home and abroad clients starting this month,” the corporate mentioned in an announcement.
The producer additionally defined that the brand new manufacturing facility will produce modules particularly for the US market, thus benefiting from the tariff exemption for photo voltaic panels from Vietnam introduced by the US authorities in June 2022.
“This exemption, which lasts as much as 24 months, permits AD Inexperienced to satisfy the rising demand for photo voltaic vitality in the USA, opening up new alternatives for the corporate to increase its market presence and contribute to vary within the international vitality transition,” it mentioned.
AD Inexperienced is a subsidiary of Damsan Joint Inventory Firm, a Vietnam-based firm primarily concerned within the textile trade.
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