SK Ecoplant is embarking on 700MW solar and wind power generation development projects in Vietnam in partnership with BCGE.
The partnership targets to develop up to 50MWp of rooftop solar projects across Vietnam over the next two years.
Nguyen Tam Tien, general director of Trungnam Group, affirms that the company has enough resources to build and operate renewable energy projects.
KN Van Ninh Solar Power Investment and Development Co., Ltd on December 26, 2020, launched the inauguration ceremony of KN Van Ninh solar power plant project.
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The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) has signed a $186 million loan to develop and operate a 257 MW solar power plant in Hoa Hoi, Phu Yen province, through the country’s first certified green loan.
The project also marks the largest installation of floating solar PV panels in Southeast Asia.
The flourishing solar sector and growing pipeline of wind projects show Vietnam can attract investment from high quality developers.
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.
HSBC Vietnam customers will enjoy the green loan with special interest rates starting from 11.99 per cent a year when they borrow to install their rooftop solar energy system.
Nearly 50 solar power projects are expected to be put into operation this June, boosting the total solar power capacity in Vietnam to 5,000MW. The challenges now linger with the capability of the national grid to handle the additional power.
Norway enterprises like Jotun, Kongsberg Group, Pharmaq, and Scatec Solar are seeking to further invest in Vietnam.
The solar power complex in Ninh Thuan province features three plants with total capacity of 330MWp.
The Luy River 1 solar power plant approved by the Ministry of Industry and Trade would have the capacity of 39 MW with the total investment capital of more than $42.8 million.
The first project was kicked off with a total investment of $42 million.
