Thailand-based Runergy PV Technology Co., Ltd. has adjusted the investment capital for its factory producing monocrystalline silicon rods and semiconductor platters in Nghe An province from $293 million to $440 million.
The central province has greenlit the company's adjusted investment plan for the factory in Hoang Mai I Industrial Zone.
With its initial investment capital of $293 million, the project had a design capacity of 14,635 tonnes of silicon rods and 995 million semiconductor platters per year.
After the company adds the additional $147 million, the project will increase its capacity to 38,890 tonnes of silicon rods and 2.51 billion 182mm semiconductor platters annually.
The total leased area will increase from just over 286,000 to almost 303,000 square metres to accommodate the extra production lines.
The factory will be built between June and October, with trial production starting in November this year. Full operations are scheduled to begin in June 2025.
With this increased capital from Runergy PV Technology, Nghe An has attracted $975 million since the beginning of 2023. The province is an emerging electronics hub in the nation, as companies – including Goertek, Everwin, JuTeng, and Luxshare ICT – continue to expand their projects in the locality.
Runergy PV Technology is a subsidiary of the China-headquartered Jiangsu Runergy New Energy Technology Co., Ltd. The group plans to increase its investment in Vietnam to around $1.2-1.4 billion.
As a key player in solar power, Runergy PV Technology plans to capitalise on global renewable energy opportunities. The enterprise has remained steadfast in its commitment to researching, developing, and manufacturing high-efficiency solar panels and modules.
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