Trina Solar to Inject US$420 Million into Thai Nguyen Province

9:54:23 AM | 11/7/2023

Trina Solar, a Chinese enterprise in Photovoltaic module and smart energy solutions, decided to inject an additional US$420 million into its ongoing projects in the northern province of Thai Nguyen, said Jifan Gao, Chairman and General Manager of Trina Solar.

Deputy Prime Minister Tran Luu Quang (R) shakes hands with Chairman and General Manager of Trina Solar Jifan Gao, November 5, 2023 

Trina Solar has poured US$478 million in two factories in in Yen Binh Industrial Park in Thai Nguyen province.

The Chinese group decided to invest additional US$420 million in the northern province, making Viet Nam the group's largest investment destination abroad in the photovoltaic field.

Deputy Prime Minister Tran luu Quang welcomed the group's investment expansion plan, saying renewable energy development is part of Viet Nam's efforts to realize its commitment to net zero gas emissions by 2050.

He said Viet Nam is building and promulgating specific mechanisms and policies to spur the development of renewable energy, including solar energy.

The Deputy Prime Minister requested that the group help Vietnamese businesses to engage in the global supply chain in general as well as its supply chain in particular.

Source: VGP