Trina Solar Invests $420M in Vietnam PV
- Trina Solar Co Ltd is investing an additional $420 million to expand its production capacity in Vietnam. Discover how the US tariffs this summer affected the company's plans and learn more about the new investment.
Chinese solar energy equipment manufacturer Trina Solar Co Ltd has committed to invest an additional USD 420 million into expanding its production capacity in the Thai Nguyen province of northern Vietnam. The company currently operates two factories in Thai Nguyen with a combined investment of USD 478 million. It is unclear if the new investment will go towards expanding existing plants or constructing a new production base. This summer, Trina was hit with new tariffs in the US due to attempts to circumvent current import duties by completing the assembly of their products in third countries in Southeast Asia.
Will Trina Solar Expand in Vietnam?
- Trina Solar has made a strong commitment to expansion in Vietnam.
- The company has already invested 478 million USD in two factories in the Thai Nguyen province of Vietnam.
- The company has now announced an additional 420 million USD investment to further expand their production capacity in the region.
- It is unknown yet if the new investment will go towards expanding the existing factories or if a third factory will be built.
- Trina Solar has been hit with new tariffs in the US, as they attempted to circumvent current import duties by completing the assembly of their products in third countries in Southeast Asia.
This shows that, despite the tariffs, Trina Solar is still interested in investing in Vietnam and expanding their production capacity in the region.