OCI Holdings Vietnam Wafer Play Exposes Critical US Solar Supply Bottleneck
OCI Holdings' decision to buy a Vietnamese solar wafer facility highlights the biggest vulnerability facing the US solar sector today.
Korean chemical giant OCI bought a 65% majority stake in a 2.7GW silicon wafer facility in Vietnam, currently being built by Elite Solar Power.
The company plans to supply wafers that meet US Foreign Entity of Concern (FEOC) requirements to the market by "early 2026".
- The move is likely the first of numerous wafer facility acquisitions in Southeast Asia.
- It speaks to the strategic importance of reliable wafer supply for the US solar manufacturing industry.
Next year is set to see an expansion in US domestic solar cell capacity.
an industry expert told PV Tech Premium would likely be the first of numerous wafer facility acquisitions in Southeast Asia
Author summary: OCI Holdings buys Vietnamese solar wafer facility.