Investment in building a solar power component factory in Thai Binh

EIFFEL Fiber Joint Stock Company (DamSan Group) has just signed a cooperation agreement with ET Solar Group to invest in a silicon wafer factory project, applied in the semiconductor and solar industries, in An Ninh industrial cluster, Tien Hai district, Thai Binh.
ET Solar’s silicon wafer factory project has a total investment of 98 million USD, built on an area of 6.8 hectares in An Ninh Industrial Cluster, DamSan as the investor.

The factory is expected to produce 300 million panels / year, revenue of about 280 million USD / year, bringing tax sources from 400 billion VND / year to the province, creating jobs over 1,000 workers when put into operation.

At the meeting on 19/5, Mr. Vu Huy Dong, Chairman of the Board of Directors, General Director of DamSan Joint Stock Company said that investing in the solar power renewable energy industry is the trend of the times to create a green and clean life for today and the future.

Đầu tư xây dựng nhà máy linh kiện điện mặt trời tại Thái Bình ảnh 1
DamSan Group signed a cooperation agreement with ET Solar Group in the presence of Chairman of Thai Binh People’s Committee Nguyen Khac Kidney, provincial leaders, departments and agencies in the province. Source: Vietnam Construction.

Therefore, DamSan Group has taken the lead in investing in solar energy with AD Green Company with a capacity of 3GW of electricity per year in An Ninh Industrial Cluster, Tien Hai. In addition, the decision was made to transform the 75-hectare An Ninh Industrial Cluster into a solar energy manufacturing industrial cluster.

“DamSan Group is very assured to become an investment cooperation partner oriented to develop An Ninh Industrial Cluster with ET Solar Group, an enterprise with extensive experience in the field of solar energy that has invested in many platforms such as Singapore, Hong Kong (China), Cambodia, ” Mr. Dong said.

With AD Green Factory, the signing of the investment agreement between DamSan Group and ET Solar Group is an important cooperation in implementing the development orientation of Security Industrial Cluster, creating a favorable foundation for continuing to attract solar energy investors to build a closed production chain, sustainable development, creating momentum for the green economic development of Thai Binh. The cooperation between the 2 enterprises also marks the milestone of green industrial development of the province.