This grant supports construction of a 60MW substation to serve Boviet Solar Technology Co., Ltd., a Vietnamese solar technology company that specializes in the production of solar modules and solar project development. The company, which also has a U.S. entity, is considering purchasing the 519,000 square foot former DENSO building in Greenville and adjacent property. The project will allow the company to increase production capacity and meet demand for solar products in North America. The company would create 908 jobs by the end of 2028, which would pay, on average, $52,879. The Pitt County average wage is $48,043. The company would also make a capital investment of over $307 million. Golden LEAF funds would be used to provide a substation, the total cost of which is $8.9 million. This substation would provide necessary service for this project but would also create redundancy and additional capacity for other industries in the industrial park where this project is located.
