KSTAR to complete new inverter manufacturing facility in Vietnam

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Architectural plan of KSTAR’s manufacturing plant in Vietnam. Image: KSTAR.

Chinese inverter manufacturer KSTAR is set to complete construction of its first Vietnam manufacturing facility next month.

The construction of the production facility, which is separated in two phases, is set to be completed by June with production of the first phase to start before the end of the year.

Once the first phase is completed, the manufacturing facility will have a production capacity of 1GW of solar inverters.

The construction of the second phase is expected to begin in 2024, and will be used to produce battery energy system storage (BESS) and electric vehicle chargers.

Amidst a surge in demand to export its inverters and other products, KSTAR expanded its manufacturing capacities overseas to meet the global market’s growth with a total investment of US$22 million in the Vietnamese facility and will be its sixth manufacturing plant.

“This would be the first time we used factories in Vietnam to enhance delivering service and meet customer’s desire for more diverse production bases,” said Wang, the project leader at KSTAR.

Read Next

PV Tech Premium
May 17, 2022
PV Tech's Carrie Xiao speaks to Risen Energy president Yuemao Sun to learn more about the manufacturer's new strategy, its turnaround of the last nine months and how it intends to break into the industry's top five module makers.
May 6, 2022
EDP Renewables (EDPR) added a total of 465MW of wind and solar capacity in Q1 2022, mainly due to its acquisition of Singaporean developer Sunseap, while it recorded a net profit of €66 million (US$69.8 million), up 75% on the previous year. 
May 3, 2022
Polysilicon producer Daqo New Energy has received approval from the Shanghai Stock Exchange for a private offering on China’s A-share market to support its capacity expansion.
April 28, 2022
Investment firm KKR has launched Aster Renewable Energy, a renewable platform aimed to develop, build and operate solar, wind and energy storage projects in Southeast Asia.
April 27, 2022
Vietnam has cut its 2030 power capacity target by 35GW under its newly agreed upon draft Power Master Plan VIII (PMP8) but is making more room for renewables as it seeks to reduce its reliance on coal.
April 11, 2022
Zhonghuan Semiconductor (TZS) is to invest RMB2.06 billion (US$323 million) in a new 120,000MT-capacity polysilicon project and additional polysilicon R&D facilities in Inner Mongolia.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 17, 2022
Lisbon, Portugal
Upcoming Webinars
May 17, 2022
4:00 PM (CEST) | About 30 minutes
Solar Media Events
June 14, 2022
Napa, USA
Solar Media Events
October 4, 2022
New York, USA