Universal Solar To Open 600 MW PV Module Factory In Panama

Jul 28, 2022 08:28 PM ET
  • The first module lines will range from 350 to 545 watts. All will certainly be high-efficiency (20.04 to 21.46 percent), low-LID, mono PERC and some will feature half-cell modern technology.
  • Deliveries from the plant in Central America will certainly get to any united state port in approximately five days.

Large scale solar energy gamer Universal Solar has introduced that it remains in the process of opening a solar photovoltaic (PV) module manufacturing center in Panama to supply U.S. and international solar programmers and installers, and also address difficulties in the solar industry.

The announcement was made by Chief Executive Officer (CEO) and also Founder John Bereckis. He stated, "Modules made in the Americas will bypass most of the restraints afflicting the U.S. solar market today, specifically supply problems related to Asian producers. These restraints consist of existing tariffs as well as the risk of additional tariffs; COVID-related manufacturing facility closures, delivery delays as well as rate walkings; and the federal ban on items containing silicon sourced from Hoshine, China."

" The possibility of tariffs on additional Asian nations has actually thrown the supply chain right into turmoil, in spite of the Biden administration's two-year pause. Modules from Central America will give U.S. programmers a much-needed choice," Bereckis stated.

The main statement of Universal Solar has actually revealed that the company has started to take orders currently. The delivery is prepared for in the 4th quarter this year. The solar power company has built a Master Solution Agreements for over 400 megawatts (MW) of modules. It is negotiating an additional 175 MW, which would account for nearly all of the factory's 600-MW first-line capacity.

Universal Solar stated that Panama factory is comprised of 200,000 square feet with equipment sourced from market leading OEMs. Equipment is being acquired and set up as well as approximately 50 staff members are being worked with.

Universal Solar held that the initial module lines will certainly range from 350 to 545 watts. All will be high-efficiency (20.04 to 21.46 percent), low-LID, mono PERC and some will certainly include half-cell innovation. The firm will offer 25-30 years straight power result warranties and also 12-15 years product and handiwork warranties.

Shipments from the plant in Central America will certainly reach any kind of united state port in roughly 5 days.

Strategic Location of Panama

Universal Solar stated that it selected Panama for its tactical location and also due to the fact that it is exempt from tariffs like those affecting Asian modules. The U.S. has an enduring Free Trade Arrangement with Panama, and also Panama is an instance of "near-shoring" in which U.S. businesses find operations in countries close to residence.

The Universal center remains in the Colón Logistics Park located in the Colón Container Terminal CCT in Colón, Republic of Panama. It remains in a Free Trade Zone, where goods are imported and exported without incurring taxes or tasks or being declared.

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