China-based Jinko Solar Co., Ltd., one of the largest and most innovative solar module manufacturers in the world, is planning to install rooftop solar power for projects in Song Khoai Industrial Park in northern Vietnam’s Quang Ninh province.
An executive from Jinko Solar made the proposal to Quang Ninh's acting Chairman Cao Tuong Huy at a Tuesday meeting regarding the firm’s contributions to energy saving and power generation. Jinko Solar also proposed further plans in the coastal province covering over 100 hectares.
Huy affirmed the province would facilitate Jinko Solar, the second-biggest investor in the province's industrial parks, with four projects worth $1.2 billion. He also urged the Chinese business to focus on environmental protection, advanced technologies, and energy saving.
One of Jinko Solar’s latest investments in the province, a $500 million monocrystalline ingot and wafer manufacturing facility, was announced in September 2021.
Quang Ninh province targets to attract 18 foreign direct investment (FDI) projects into industrial parks with total registered capital of $1.2 billion this year, covering 200 hectares and raising the IPs' occupation rate from 40.73% to 45.89%. The province aims to lure investors from Japan, South Korea, China, and Europe to complete the goal.
The 714-hectare Amata Song Khoai IP in the northern province of Quang Ninh will cost about $150 million to build. It is scheduled to start operations in 2026.
Japan’s Tenma Corporation and Castem Co., Ltd. plans to invest $150 million and $14 million, respectively, in building factories in the industrial park. Tenma aims to invest in an 18-hectare plastic molding plant, while Castem plans to establish a two-hectare metal casting factory.
Yaskawa Electric Corporation, specializing in motion control, robotics, system engineering, is also looking to invest $100 million on a 12-hectare factory there.