China based firm, Trina Solar, that makes solar panels, has set sights on making an investment of an additional $420 million in Thai Nguyen, Vietnam. This would take up the total investment of the firm in the country to close to $900 million.
The revelation came after a meeting was held between Trina’s Chairperson Gao Jifan and Deputy Prime Minister Tran Luu Quang. Jifan informed that support is anticipated from authorities to fuel research and investment in rooftop solar power projects at local level.
Trina is among the largest makers of solar panels in Vietnam. The firm already operates two plants in Thai Nguyen.
In September, the Chinese firm commenced the production of 210 mm monocrystalline wafers for Vertex Modules in Vietnam in September, 2023.