Vietnam solar power to be discussed at Future of Energy Summit

Tuan said SolarBK has recently been awarded a license for the first ‘all-Vietnamese’ utility scale solar project in Da Nang, with a capacity of 4.4MW, and commissioned a number of rooftop projects in Vietnam.

A solar power plant launched on the islet of An Binh of Ly Son Island, off the coast of Quang Ngai province

“We’ll join discussions on the opportunity for rooftop scale projects in Vietnam and the challenge of low retail tariffs while proposing such projects. We will also raise concerns on the management of credit risk, dispatch risk, as well as financing sources for projects,” Tuan said.

He said the World Bank and the Ministry of Industry and Trade (MoIT) of Vietnam will implement a pilot programme to auction solar power with a floor price of US$0.0935 per KWh, with an aim at accelerating the development of registered projects, while simultaneously luring in more new investment capital.

The HCM City-based group also launched a solar-powered lighting system and solar powered sea-water filtration system on Vietnam’s Truong Sa (Spratly) Islands and Song Tu Tay Island off the coast of Khanh Hoa province in 2014, and An Binh Islet of Ly Son Island in Quang Ngai province.

In October, IREX Energy Joint Stock Company, a member of SolarBK Group, received orders for providing a One-Stop-Shop package, including solar power cells, panels, installation, a smart monitoring system (Solar System Operation Centre) and guarantees for customers in North America with total capacity of 300MWp (photo-voltaic cells).

The company has been developing solar-powered water heaters, wind power turbines, solar power-driven sea water filter systems and renewable use solutions.

Since April this year, with the issuance of Prime Minister Nguyen Xuan Phuc’s Decision 11/2017, solar power projects have been allowed to sell electricity at a fixed price of 0.0935 USD per kWh.