Red Sun Energy: Vietnam is Going Solar with its First Solar Module Factory
Red Sun Energy has opened what is being called the first solar module factory in Vietnam. The facility, which will have a capacity of 5 MW during its initial phase of operations, is located in the Duc Hoa Industrial Park in southern Long An province.
Owned by the Red Sun Energy Joint Stock Company (RedSun), the factory is expected to soon market its solar panels 30-40 percent cheaper than similar imported products.
RedSun, which is a joint initiative between Ho Chi Minh City and the Rhone-Alpes region of France, intends to lay the foundations for the Vietnamese solar cell industry.
General Director Diep Bao Canh told Vietnam Business News that the PV panels produced at the new plant are rated at 80-165 Wp and will last for 25 years. The company says its modules will be priced 30-40% lower than similar imported units.
