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

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.

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.

With the construction of a PV cell plant in the US, the total investment amount has increased to RMB3.15 billion (US$435 million), and the scale of the project has been further expanded.

The move follows rising risks that South East countries, including Vietnam could also be included in trade restrictions that US manufacturers are seeking to protect domestic industry from what they claim are unviable prices.

"Want to be featured here or have news to share? Write to info[at]

Tony Cheu

Tony is a BSc who has shifted from a career in finance to journalism recently. Passionate about the energy transition, he is particularly keen on the moves being made in the OECD countries to contribute to the energy transition.