Tindo Solar celebrates exports to Vietnam

Australia’s only manufacturer of solar panels Tindo Solar has celebrated five years of exporting to Vietnam with another shipment delivered in the first quarter of 2024.

Tindo CEO Richard Petterson announced the milestone in an address at the Australia-Vietnam Green Economy Summit, which is led by Asialink and Climateworks Centre and supported by the federal government.

Tindo has been fulfilling orders since 2019 from its Adelaide factory which has the capacity to manufacture 360,000 panels annually, the equivalent of 150MW.

However, the company has ambitious plans to construct a $100m factory that could increase its output by 1GW per year, with a significant proportion of that capacity earmarked for exports.

Petterson said: “It is wonderful to be in Vietnam, where we continue to build our export markets and ensure Australian Made products play a role in our region’s energy transition.

“As well as supporting Vietnam, this brings export revenue back to Australia, supporting jobs and economic growth.”

Petterson said Tindo exports showed that there are global markets for Australian-made panels.

“With short-term government support to scale, we are confident we can expand our manufacturing footprint.

“In doing so, we can reduce our cost of production and provide panels to even more customers at home and overseas, and ensure Australia enjoys more of the economic benefits of the energy transition.”

Investment in green energy industries is a feature of the federal government’s proposed Future Made in Australia ACT and the $15 billion National Reconstruction Fund.

Further reading:
Tindo Solar exports panels to Vietnam
Tindo Solar plans $100m solar PV panel gigafactory

Picture: Tindo Solar