Canadian Solar is all set to develop a 5-GW solar photovoltaic (PV) wafer production plant in Thailand. The plant will be based in Chonburi.
According to the company, the new Asian factory will begin operations in March next year. It informed that it will supply N-type wafers to the existing TOPCon cell manufacturing plant on the same site.
The company informed that after the cell factory in Indiana starts production, the Thai facility will redirect its output, which is likely to happen in 2025.
"Establishing this solar wafer factory in Thailand is a key milestone that will enable us to better serve our US customers with a more diversified and resilient supply chain, complementing our recently announced investments in the US in solar cell and solar module manufacturing,” Thomas Koerner, Senior Vice President of Canadian Solar, was quoted in a statement.
In addition, he further stated, “it will also allow us to responsibly meet the new requirements related to the latest and adjusted AD/CVD ruling by the US Department of Commerce.”
Meanwhile, the company has also planned to build a 5-GW solar panel factory in Texas.