Vietnamese Company Boviet Solar Brings 900 Jobs and $34.6 Million in Incentives to Eastern North Carolina’s Growing Solar Market
Vietnamese-based company Boviet Solar has announced plans to build its first North American solar panel manufacturing plant in eastern North Carolina. The facility, located 85 miles east of Raleigh, will create over 900 jobs and help increase the company’s capacity worldwide for high-end solar panels and photovoltaic modules.
Boviet CEO Jimmy Xie expressed pride in bringing the company’s manufacturing excellence to the most significant solar market in North America. 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. 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.
VinFast, another Vietnamese company, is building a plant in Chatham County that is expected to generate thousands of jobs. This influx of foreign investment in North Carolina demonstrates the state’s growing appeal as a hub for international companies looking to expand their operations in the United States.
