Universal Solar to Open PV Module Factory in Panama; 400 MW in Orders Already Received
Michimich.com/10185833

PHOENIX & COLON, Panama - Michimich -- Universal Solar is opening a solar photovoltaic (PV) module manufacturing facility in Panama to supply U.S. and global solar developers and installers, and address challenges in the solar industry, Chief Executive Officer and Founder John Bereckis announced today.

"Modules made in the Americas will bypass many of the constraints afflicting the U.S. solar industry today, in particular supply issues related to Asian manufacturers. These constraints include existing tariffs and the threat of additional tariffs; COVID-related factory closures, shipping delays and price hikes; and the federal ban on products containing silicon sourced from Hoshine, China," Bereckis said.

"The prospect of tariffs on additional Asian countries has thrown the supply chain into turmoil, despite the Biden administration's two-year pause. Modules from Central America will give U.S. developers a much-needed alternative," Bereckis said.

Universal Solar is taking orders now, with delivery expected in the fourth quarter 2022. The company has signed Master Service Agreements for more than 400 megawatts (MW) of modules, and is negotiating an additional 175 MW, which would account for nearly all of the factory's 600-MW first-line capacity.

More on Michimich.com

• Physician Calls for States Nationwide to Ensure ADA Compliance in Independent Commissions
• MEDIA ADVISORY - Strengthening Children's Mental Health Across New Jersey
• NumberSquad Launches Year‑Round Tax Planning Package for Small Businesses and the Self‑Employed
• GlexScale launches a unified model for sustainable SaaS expansion across EMEA
• SwagHer Society Launches to Help Black Women Be Seen and Supported

Universal Solar's Panama manufacturing plant is comprised of 200,000 square feet in a state-of-the-art facility with equipment sourced from industry-leading OEMs. Equipment is being purchased and installed, up to 50 employees are being hired, and a grand opening is scheduled for fall.

The first module lines will range from 350 to 545 watts. All will be high-efficiency (20.04 to 21.46 percent), low-LID, mono PERC and some will feature half-cell technology. Universal Solar will offer 25- to 30-year linear power output warranties and 12- to 15-year material and workmanship warranties.

Universal Solar's modules will be 100 percent-compliant with the U.S. Commerce Department's Withhold and Release Order on Hoshine silicon.

Shipments from the plant in Central America will reach any U.S. port in approximately five days.

Universal Solar chose Panama for its strategic location and because it is exempt from tariffs like those affecting Asian modules. The U.S. has a long-standing Free Trade Agreement with Panama, and Panama is an example of "near-shoring" in which U.S. businesses locate operations in countries close to home.

More on Michimich.com

• Why Philadelphia Homeowners Should Ditch Oil for Natural Gas
• Zero-Trust Architecture: NJTRX Addresses 60% of U.S. Investors' Custody Security Concerns
• Sub-Millisecond Trading Platform: HNZLLQ Introduces Unified Gateway for Philippine Digital Asset Traders
• $2.1B Theft Losses: Bitquore Launches 1M+ TPS Platform with 95% Offline Asset Protection for U.S. Traders
• America Anesthesia Partners Unveils New User-Friendly Website

The Universal facility is in the Colón Logistics Park located in the Colón Container Terminal CCT in Colón, Republic of Panama. It is in a Free Trade Zone, where goods are imported and exported without incurring taxes or duties or being declared.

Universal Solar provides modules and procurement, development and financing services to large commercial and utility-scale developers, EPCs and other large-volume buyers of solar modules. For more information, visit https://universalsolar1.com/.

Editors: Click here for video footage of the facility.