The project also marks the largest installation of floating solar PV panels in Southeast Asia.
IFC is pledged to continue working on mobilising finance and unlock private sector solutions to help Vietnam become a modern dynamic middle-income country and realise its renewable energy goal.
The solar power complex in Ninh Thuan province features three plants with total capacity of 330MWp.
The Australian company has done due diligence on large-scale renewable energy projects in Vietnam.
The €108-million EU-Vietnam Energy Facility, funded by the European Union and the German Federal Ministry for Economic Cooperation and Development (BMZ) in the form of a non-refundable ODA grant, has been officially started.
The Asian Development Bank (ADB) signed a US$100-million loan facility agreement with China Everbright International Limited (CEIL) to help a series of municipal waste-to-energy (WTE) plants in primary and secondary cities in the Mekong Delta.
In the Bac Lieu Investment Promotion Conference 2018, a total amount of VND110 trillion (US$4.85 billion) has been registered for investment projects, of which renewable energy development projects account for VND81 trillion (approximately US$3.5 billion).
BIM Group has started construction on its solar power project in Phuoc Minh commune, Thuan Nam district, Ninh Thuan province.
According to Eric Sidgwick, ADB Country Director, Vietnam should adapt to recent changes to achieve a robust and environmentally friendly growth model.
Based on infrastructure development progress, wind farm project will be developed by phases of six sub–projects with a minimum capacity of 30MW.
