Universal Solar selects Panama for new PV module factory
- Universal Solar on Tuesday revealed plans to open a photovoltaic (PV) module manufacturing factory in Panama, with currently over 400 MW in authorized master solution agreements.
The Arizona-based business, which supplies purchase, advancement as well as financing services for mid- and also large-scale solar designers, is additionally negotiating an extra 175 MW in orders, which would make use of virtually the whole 600 MW first-line capacity of the factory. The opening of the manufacturing site is planned for the autumn.
Universal Solar expects to start product distribution in the 4th quarter of 2022. The purchase as well as installment of tools are already in progress.
CEO and also Founder, John Bereckis, said the tools will certainly be provided to US and global solar programmers as well as installers to resolve the obstacles currently encountered by the solar industry.
The preliminary PV modules will certainly range from 350 W to 545 W, with 20.04% to 21.46% performance. Universal Solar is additionally using a straight power output guarantee of 25-year to thirty years and also a material and also craftsmanship guarantee of 12 to 15 years.
Panama was chosen as a result of its tactical area and also its tariff exception. "Modules made in the Americas will bypass much of the constraints afflicting the United States solar market today, particularly supply concerns associated with Asian producers," the CEO noted.
