AD Green, a subsidiary of the publicly traded Vietnamese company Damsan Joint Stock Company, is excited to announce the official launch of its advanced 3 Gigawatt automated factory dedicated to manufacturing high-performance solar photovoltaic (PV) panels. The fully operational facility will commence shipments of its 540W monocrystalline PV panels to customers globally, starting this month. With a strong commitment to accelerating renewable energy adoption worldwide, AD Green aims to lead the Southeast Asian solar industry through cutting-edge technology and a focus on sustainability.
In the initial phase, AD Green’s manufacturing capacity allows for an annual production of 0.5 GW, with the ambitious goal of reaching the full 3GW capacity within the next year. The PV panels cater to various applications, including commercial and residential rooftop installations, as well as utility-scale solar power plants. By expanding its operations, AD Green expects to create up to 600 high-paying jobs, offering skilled individuals opportunities in the green workforce.
Damsan Joint Stock Company, established in 2006, has earned a commendable reputation across various sectors including manufacturing, textiles, and real estate. Acknowledging the immense potential of renewable energy as a pivotal industry, Mr Vu Huy Dong, Chairman of the Board, shared his vision emphasizing that “the development of multiple sectors with a primary focus on renewable energy, textiles, and garments offers Vietnam a gateway to the international stage.”
Mr Vuong Quoc Duong, CEO of AD Green, echoed this sentiment, emphasizing the company’s investment in research and development to create highly efficient solar PV panels that generate clean energy and offer cost-effective solutions meeting international standards. Like their successful textile business, AD Green is committed to delivering reliable and efficient solar energy solutions to meet the growing global demand and drive the transition toward a sustainable future.
AD Green also welcomes collaboration with established international players interested in investing in solar projects in Vietnam. With Damsan’s expertise in land development and ownership of multiple industrial parks, combined with AD Green’s solar PV panel manufacturing capabilities, international companies can confidently invest in renewable energy developments, contributing to a sustainable and prosperous future.
