Boviet Solar Technology, a Vietnamese solar technology company founded in 2013, today announced that the company remains on pace to achieve production ramp-up targeted for the first half of 2025. The company plans to make monocrystalline PV cells and its Gamma Series Monofacial and Vega Series Bifacial PV modules at a state-of-the-art manufacturing facility in Greenville, North Carolina.
All equipment for the project is on-site, with more than 50% of it already placed on the shop floor. The remaining equipment will be positioned by the end of January 2025, with mechanical, electrical, and plumbing (MEP) connections scheduled for February. The factory, a $294 million investment, will be Boviet Solar’s first North American production hub.
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The project’s first phase will focus on module manufacturing and the use of an existing building to manufacture solar modules. The company is refurbishing the former DENSO North Carolina factory. The facility should produce 2.0 GW of solar panels annually, with mass production starting early this year.
In phase two, the company will begin production of high-efficiency solar cells in the first half of 2026. Phase two includes constructing a 500,000-square-foot factory on 34 acres. In December 2024, Boviet Solar completed requisite land clearing and stump removal and will begin mass grading later this month.
Once fully operational, the PV module and PV cell manufacturing facilities are expected to create approximately 908 jobs.
Sienna Cen, president of Boviet Solar USA, says the Greenville facility will play a “pivotal role” in supplying utility-scale and large commercial projects across North America.
The company received state and local incentives worth up to $16.8 million over 12 years.
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