Universal Solar picks Panama for new PV module factory
Solar module. Author: Oregon Department of Transportation. License: Creative Commons, Attribution 2.0 Generic.
Universal Solar on Tuesday unveiled plans to open a photovoltaic (PV) module manufacturing factory in Panama, with already over 400 MW in signed master service agreements.
The Arizona-based company, which provides procurement, development and financing services for mid- and large-scale solar developers, is also negotiating an additional 175 MW in orders, which would utilise almost the entire 600 MW first-line capacity of the factory. The opening of the production site is planned for the autumn.
Universal Solar expects to kick off product delivery in the fourth quarter of 2022. The procurement and installation of equipment are already in progress.
CEO and Founder, John Bereckis, said the equipment will be supplied to US and global solar developers and installers to address the challenges currently faced by the solar industry.
The initial PV modules will range from 350 W to 545 W, with 20.04% to 21.46% efficiency. Universal Solar is also offering a linear power output warranty of 25-year to 30 years and a material and workmanship warranty of 12 to 15 years.
Panama was chosen due to its strategic location and its tariff exemption. "Modules made in the Americas will bypass many of the constraints afflicting the US solar industry today, in particular supply issues related to Asian manufacturers," the CEO noted.