Growatt, a Chinese solar inverter manufacturer, has begun the first phase of its production plant in Haiphong, Vietnam. The facility will have an annual capacity of 500,000 inverters and 100,000 batteries. The new facility will also be equipped to produce solar and storage inverters, as well as storage batteries.
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Vietnam is at a crossroads. At the UN climate talks in Glasgow last year, Prime Minister Pham Minh Chinh announced the 2050 net-zero target, but the country is expected to make an additional 2.4 GW of coal capacity operational by the end of this year and has about 14 GW in the pipeline to 2030. If the latest draft of Vietnam’s eighth power development plan (PDP8) is approved, it will put the country in the top five for largest coal fleet in development.
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