Boviet Solar Announces 2 GW Expansion For TOPCon Plant In The US

Chinese materials manufacturing group Boway Group, which owns Vietnam based Boviet Solar in the solar manufacturing space, has announced plans for a 2 GW expansion at its US . The TOPCon cell manufacturing facility will be located in Greenville, Pitt County, North Carolina.

Founded in 2013 in Vietnam, Boviet Solar is a Tier 1 solar technology company that specializes in the manufacturing of Monocrystalline PERC and TOPCon PV cells and Gamma Series Monofacial and Vega Series Bifacial PV modules, as well as solar project development. As of 2023, Boviet Solar’s annual PV cell and PV module manufacturing capacity is 3.0 GW, and it has shipped a total of 4.4 GW since inception, mainly operating in the US market.

The latest announcement follows the company’s previously announced plans to invest in the construction of a 3GW TOPCon cell expansion project in Vietnam and a separate 2GW TOPCon module expansion project in the US, with a total investment of RMB1.9 billion (US$262 million). Under the IRA (Inflation reduction act), the US has seen a number of proposals for local manufacturing, mostly for modules.

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The manufacturing facility in the US includes two phases and represents a total investment of $294 million. It’s expected to create approximately 908 skilled local jobs and generate positive economic impact for the area once facilities are fully ramped up. This will be Boviet Solar’s first United States manufacturing facility and the second globally, following its successful track record of PV cell and module production in Vietnam.