Dehui Solar Shifts Market Focus to the US for Dynamic Growth (Image from Dehui Solar)
Bắc Ninh, Vietnam, Feb. 12, 2020
Dehui Solar, one of the biggest PV manufacturers in Vietnam, announced that it is making strategic changes in terms of its focus market, which will be the U.S. in the next three years.
The company is targeting buyers interested in utility-scale solar farms powered by bifacial technology.
Dehui Solar aims to increase its business by threefold with the US in the space of three years, using its subsidiary in the country to take shipments from 1 GW in 2020 to 2GW in 2021 and 3GW in 2022.
Founded in 2017, Dehui Solar’s attention has turned from Europe to the U.S. in recent years. European shipments dropped from 200MW in 2018 – 92MW to Germany, 65MW to the Netherlands, and 51MW to Spain – to 50MW in 2019.
US sales, on the other hand, have surged in recent years, reaching an estimated 300MW in 2019.
Dehui plans to retain the market focus through dedicated service via its US subsidiary – based in Delaware – and a presence at solar trade shows in the country.
Hui Huang, CEO of Dehui Solar, said:" As of 2019, Dehui has reached 1.5GW and 2GW in combined cell and module capacity, respectively. We are also planning to scale up production majorly. The company currently runs 250,000 square feet split across five production lines but has set aside a further one million square feet land to host factories in the future."
Going forward, Dehui will offer solar buyers:
The modules' reported efficiency of 22.5% is considered to be the highest among Vietnamese manufacturers.
Mofe Stallings, Dehui Solar's USA General Manager, stressed the central role the firm assigns to bifacial as it looks to expand its focus of past years – residential and commercial distribution – to also encompass utility-scale projects in the US.
"Now we transition to also serve the utility solar sector in the US, including reserving at least 45% of our module capacity for bifacial projects," Stallings said. "We are confident that Dehui Solar will be of service to a good share of the US market in 2020 and beyond."
"We will also enter into the project development and battery energy storage solutions segments, to form a dependable renewable energy company with vertical solutions," Mofe added.
About Dehui Solar
As an emerging force in the renewable energy industry, Dehui Solar is passionate about building a vertical supply chain, including solar cells, PV modules, energy storage systems, and project development, to share value for a green future. Anchored by state-of-the-art production facilities in Vietnam, Dehui Solar proudly serves global customers with quality products and excellent service.
All the PV-making facilities of the company are located in the Bắc Ninh Province, a one-hour drive from capital Hanoi and a two-hour drive from the South China Sea port of Hai Phong. These manufacturing facilities create over 700 jobs for the local community. For additional information about the company, visit www.dehui-solar.com.
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