AD Green factory is expected to export 6 million solar panels annually, contributing nearly 4,600 billion in revenue and about 150 billion in profit per year for the company.
Last June, 2022, the US Government approved the exemption and reduction of some taxes for 2 years for solar panels originating from Vietnam. The tax exemption will enable clean energy businesses to save billions of dollars in production, reduce risks to the power grid and solve the crisis from climate change.
With a sustainable development strategy and taking advantage of the above advantages, Damsan Joint Stock Company (ADS, Company) has embarked on investing in the field of renewable energy with key products such as solar panels and solar panels. the first solar-powered electrical equipment in Thai Binh province. The AD Green solar panel factory project was granted an Investment Certificate in October 2021 and is in the process of urgent construction. The factory has an area of 7.9 ha, located in An Ninh industrial cluster (CCN) on Highway 39B, 16 km from Thai Binh city and only 50 km from Hai Phong port. Modern production lines using advanced technology in the world with automated machinery systems from major photovoltaic manufacturers in the world such as Autoway; Lead; SuperUnion… Solar panels with a capacity of 500W to 560W – one side and two glass sides are applied with Passivated Emitter Rear Cell (PERC) technology to help electrons move smoothly and increase heat absorption. Products after being born will be certified in the most demanding markets: CSA certification for the US market; TUV European market; BIS Indian market. In terms of management, AD Green will apply MES production management system and ERP business management system from the very beginning to digitize production, save costs and improve business efficiency.
AD Green factory is invested in 3 phases with a total capacity of up to 6 million products/year, equivalent to a capacity of 3GWp. When put into operation at full capacity, it is expected to contribute about VND 4,600 billion in revenue and VND 150 billion in annual profit. In addition, it will create jobs for nearly 1,000 local workers, make a significant contribution to the budget, boost the local economy, and join hands in the fight against global climate change.
Along with signing a lease of 15ha of An Ninh CCN with partner ET Solar Power HongKong to produce silicon wafers for applications in the semiconductor and solar industries, ADS has gradually completed the solar panel production chain. The silicon wafers will be combined with photovoltaic panels to produce solar panels that meet export standards to the US and European markets. This is considered an important step in attracting more FDI enterprises in the field of green energy to invest in Thai Binh province in general and An Ninh hi-tech industrial park in particular.
With a background from fiber products and industrial real estate, investing in green energy is considered the right step in ADS’s strategy of revenue diversification and sustainable development. It is expected that ADS will continue to maintain its high growth momentum in the near future.
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