First Solar turns its back on Vietnam

First Solar selling its factory in Ho Chi Minh City’s Dong Nam Industrial Park and leaving Vietnam.

This was revealed by Brandon Mitchener, First Solar director of communications.

“Due to supply-demand imbalances in the world solar market, regrettably the First Solar plant in Dong Nam Industrial Zone will be postponed until the market demand requires the additional capacity,” said Tymen De Jong, senior vice president of Manufacturing for First Solar.

After deciding not to proceed with its previously announced four-line plant in Vietnam and all necessary

construction was completed in April this year, First Solar attempted to sell the plant.
Sales agent Cushman & Wakefield is seeking buyers for the 113,000 square metre manufacturing facility,

including 107,000sqm of industrial space divided into two production areas, a large logistics area and 6,000sqm of external office building.

First Solar, the leading global provider of comprehensive photovoltaic solar system, has also decided to postpone the commissioning of its previously announced four-line plant in Mesa, Arizona and the construction of their previously announced two-line plant in France until such time as global supply and demand dynamics support the additional manufacturing capacity.

The primary goal of these initiatives is to better align production capacity and geographic location of such capacity with expected geographic market requirements and demand, the company said.

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