Runergy Boosts Investment in Nghe An Province
Nghe An province has approved Runergy’s revised investment plan for its factory in the Hoang Mai I Industrial Zone. The project, initially funded with $293 million, was designed to have a capacity of 14,635 tonnes of silicon rods and 995 million semiconductor platters annually. With an additional investment of $147 million, the project will now increase its capacity to 38,890 tonnes of silicon rods and 2.51 billion 182mm semiconductor platters per year. To accommodate the expanded production lines, the total leased area will increase from just over 286,000 to almost 303,000 square meters. Construction of the factory is scheduled to take place between June and October, with trial production beginning in November of this year. Full operations are expected to commence in June 2025.
Nghe An province has attracted a total investment of $975 million since the beginning of 2023, with Runergy PV Technology’s increased capital infusion being a significant contribution. The province has emerged as a growing electronics hub, with companies like Goertek, Everwin, JuTeng, and Luxshare ICT expanding their projects in the area. Runergy PV Technology, a subsidiary of China-based Jiangsu Runergy New Energy Technology Co., Ltd., plans to further increase its investment in Vietnam to approximately $1.2-1.4 billion. As a key player in solar power, Runergy PV Technology aims to leverage global renewable energy opportunities and remains committed to research, development, and manufacturing of high-efficiency solar panels and modules.