HANOI: Chinese language photo voltaic panel maker Trina Photo voltaic is planning to take a position a further $420 million in Vietnam‘s northern province of Thai Nguyen, elevating its whole funding within the nation to just about $900 million, the provincial authorities stated on Sunday.
Reuters in September solely reported that Trina, one of many world’s greatest photo voltaic panel makers by gross sales, would make investments $400 million in a brand new plant in Vietnam.
In a press release launched after a gathering between Trina’s chairperson Gao Jifan and Deputy Prime Minister Tran Luu Quang, Gao stated he anticipated to get assist from the authorities to analysis and spend money on rooftop solar energy initiatives domestically.
Trina, which was based in 1997, is among the greatest photo voltaic panel makers in Vietnam and operates two crops in Thai Nguyen, about 82 km from capital metropolis Hanoi.
The assertion didn’t say whether or not the funding would come with a 3rd Trina Vietnam facility, or whether or not it might be used for different initiatives comparable to increasing present crops.
Trina’s Vietnam funding follows an investigation by the US Division of Commerce that concluded in August Trina was amongst 5 Chinese language photo voltaic companies who used crops in Thailand and different Southeast Asian international locations to dodge punitive tariffs on Chinese language-made panels.
China and Hong Kong mixed had been the most important overseas investor in Vietnam within the first 10 months of this 12 months, in response to Vietnamese authorities information.
Reuters in September solely reported that Trina, one of many world’s greatest photo voltaic panel makers by gross sales, would make investments $400 million in a brand new plant in Vietnam.
In a press release launched after a gathering between Trina’s chairperson Gao Jifan and Deputy Prime Minister Tran Luu Quang, Gao stated he anticipated to get assist from the authorities to analysis and spend money on rooftop solar energy initiatives domestically.
Trina, which was based in 1997, is among the greatest photo voltaic panel makers in Vietnam and operates two crops in Thai Nguyen, about 82 km from capital metropolis Hanoi.
The assertion didn’t say whether or not the funding would come with a 3rd Trina Vietnam facility, or whether or not it might be used for different initiatives comparable to increasing present crops.
Trina’s Vietnam funding follows an investigation by the US Division of Commerce that concluded in August Trina was amongst 5 Chinese language photo voltaic companies who used crops in Thailand and different Southeast Asian international locations to dodge punitive tariffs on Chinese language-made panels.
China and Hong Kong mixed had been the most important overseas investor in Vietnam within the first 10 months of this 12 months, in response to Vietnamese authorities information.
