Vietnamese-based company Boviet Solar has announced plans to build its first North American solar panel manufacturing plant in eastern North Carolina. The company will invest nearly $300 million in a 1 million-square-foot advanced manufacturing facility in Greenville, creating over 900 jobs.
Boviet specializes in making solar panels and photovoltaic cells that are currently used in the U.S. by commercial, industrial, and residential customers. The company also has offices in Germany, China, and the U.S. Established in 2013, Boviet has grown rapidly and is now looking to expand its operations in North America.
The Greenville plant, located 85 miles east of Raleigh, will help increase the company’s capacity worldwide for high-end solar panels and photovoltaic modules. Gov. Roy Cooper and other government officials were present at an East Carolina University news conference to make the announcement.
Boviet CEO Jimmy Xie expressed pride in bringing the company’s manufacturing excellence to the most significant solar market in North America, creating jobs and contributing to the state’s economy. The plant is expected to create 908 jobs by 2028, with an average annual salary of $52,879, slightly above the Pitt County average.
The state Commerce Department revealed that Boviet also considered alternative locations for the plant in Phoenix and Atlanta before choosing Greenville due to its proximity to major ports on the East Coast and a skilled workforce with experience in advanced manufacturing processes. Earlier on Friday, a state panel approved cash incentives of up to $8.3 million over 12 years for Boviet if it meets specific job creation and capital spending requirements. Overall, the company is set to receive $34.6 million in combined state and local incentives for the project.
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