Ho Chi Minh City, March 26, 2026——IREX Energy Joint Stock Company and HAMADA (Japan) officially signed a cooperation agreement to develop a solar panel recycling project in Vietnam. The signing ceremony was held at the IREX factory, marking an important milestone in Vietnam-Japan technical cooperation in the renewable energy sector.

According to the agreement, the two companies plan to establish a joint venture in Vietnam to develop a solar panel recycling facility. Through this joint venture, IREX and HAMADA will leverage their complementary strengths, combining IREX's experience in infrastructure development and market operations with HAMADA's advanced recycling technology developed in Japan.

The facility is expected to have an annual processing capacity of approximately 40,000 solar modules, implementing the collection, sorting, and recycling processes for end-of-life solar panels. Valuable materials recovered during the recycling process may include glass, aluminum frames, junction boxes, solar cells, and other recyclable components.