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According to Recycling International, IREX Energy in Vietnam and the Japanese firm Hamada have formed a partnership to recycle solar panels in Vietnam, focusing on recovering materials from decommissioned photovoltaic modules. The collaboration aims to reclaim glass, aluminum frames, silicon, and other metals for reintroduction into manufacturing supply chains after processing.
IREX Energy, which is part of the SolarBK Group, provides local solar development and module production knowledge. Hamada contributes recycling technology and experience from Japan’s waste management sector. The initiative is described as an early-stage infrastructure project rather than a large-scale industrial operation.
A central component is the planned construction of a recycling facility near IREX Energy’s factory in Ho Chi Minh City. This hub is anticipated to process approximately 40,000 modules each year. A Hamada executive noted that Japan is confronting a growing need for solar waste management and that Vietnam will face similar challenges as its solar market develops, making early action important.
This partnership emerges as Vietnam works to align its renewable energy expansion with long-term sustainability goals. The country’s solar sector has seen rapid growth over the past ten years, leading Southeast Asia with an installed capacity exceeding 19 gigawatts. Early utility-scale projects are nearing a typical end-of-life period of 20 to 25 years.
Currently, Vietnam’s solar recycling market is valued at around 0.7 million euros but is forecast to grow to roughly 2.3 million euros by 2033 as volumes rise. In contrast, Japan’s solar panel recycling sector has reached nearly 30 million euros and is likely to exceed 40 million euros by 2030.
Vietnam’s overall solar market continues to grow under its national power development plan, with installed capacity expected to reach 37.6 gigawatts by 2031. This growth is driven by utility-scale projects, rooftop solar, and hybrid storage systems. Regional authorities have also approved new renewable energy investments, including three solar developments scheduled to begin operation in 2028.
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