Seraphim creating 750MW highly-automated module assembly plant in Vietnam

• China-headquartered module supplier Seraphim is developing a 750MW module setting up factory in Vietnam to broaden its worldwide manufacturing foorptint as well as far better offer the growing United States market.

The setting up plant will be made use of to create Seraphim's S3 as well as S4 series half-cell modules. At first, 500MW of annual nameplate ability will certainly be alloted to the S3 modules collection with the most up to date S4 modules accounting for 250MW of yearly capability at the new facility, its very first in Vietnam.

Seraphim already has market rate of interests in Vietnam, having actually provided panels for two PV projects in Dak Lak and Khanh Hoa amounting to 80MW last year.

Jun Zhuge, Seraphim's executive vice president, said the current building and construction project will certainly increase the company's share of the international module manufacturing market as well as "improve our competitiveness in the United States".

Seraphim's strategies to scale up its module manufacturing come days after the business signed a supply manage wholesaler and importer Raystech for its S3 collection half-cell modules. The S3 modules integrate 166mm silicon cells along with multi-busbar as well as half-cut cell technologies, as well as have a 19.78% conversion efficiency, while the S4 collection modules have a conversion efficiency in excess of 21.1% and an optimal power result of 540W.

The announcement comes as an increasing number of makers and designers are hurrying to buy Vietnam's fast-growing solar market. Zhuge told PV Tech last year that Vietnam, would certainly be one of a handful of nations it was intending to increase module production into to capitalise on the neighborhood as well as US market.

Indeed, Vietnam has actually turned into one of the world's most eye-catching markets for solar financial investment. The country's solar PV capability skyrocketed from 134MW to 5.4 GW last year, partly because of generous feed-in tariffs as well as auctions made to attract international financial investment.

The country is readied to release a brand-new National Power Development Plan 2021-30 following March, as well as is expected to have a better focus on renewable resource growth. A recent report from Fitch Solutions anticipates that the nation's net solar capability will increase by near 10GW over the following years. Vietnam's Politburo hopes that solar will compose a 15-20% share of Vietnam's complete energy market by 2030, expanding to 25-30% by 2045. Vietnam is also wanting to shift far from the FIT market and relocate to competitive tendering in the honest new policy plan.