Seminar explores financing options for rooftop solar power installation

The Electricity of Vietnam (EVN) in Ho Chi Minh City hosted a seminar on June 11 to discuss solutions to develop and finance rooftop solar power installations in the country’s southern hub.

seminar explores financing options for rooftop solar power installation hinh 0

During the event, participating solar energy solution providers introduced various options for businesses, organisations and homeowners to purchase their own rooftop solar power systems.

Nguyen Duy Thinh from SolarBK, a leading solar power producer in Vietnam, said if a company has a rooftop of 3,000 – 10,000 sqm, SolarBK is ready to co-finance from 70 – 100% of the solar project’s total cost.

Vietnam Eco Solutions (VES) and TTC Energy have also rolled out similar deals to co-invest in rooftop solar power projects.

HB Bank representatives said it is offering loans with preferential interest rates for customers who borrow to install a rooftop solar energy system. By March, the bank had provided a total of VND1.2 trillion (US$51.32 million) in loans for enterprises and homeowners to develop this kind of projects across the country.

As of the end of May, a total of 7,341 solar power systems, with a combined capacity of 94.49 MWp, had been installed in Ho Chi Minh. Since 2017, 102 rooftop solar power projects with a combined capacity of 37.23 MWp have been connected to the city’s grid.