The 44.4-MWp Truc Son solar power plant will be invested by a joint venture of three parties – Univergy K.K and Europe Clean Energies Japan K.K from Japan and Thanh Nien Media Corporation from Vietnam.
The facility will be built on an area of 51 hectares and is expected to be operational in June 2019 to supply electricity for Dak Nong and neighbouring provinces.
The provincial People’s Committee vowed to offer the project preferential tax rates. It also assigned relevant State agencies and Cu Jut district to provide support for the investors to implement the project on schedule.
Two days ago, a German company, BS Heidelberg Solar GmbH, announced to invest in two solar power projects in the Mekong Delta province of Hau Giang, namely Hau Giang I and Hau Giang II. The 40MWp and 170MWp plants will be built at a cost of US$50 million and US$200 million, respectively.
Vietnamese localities are taking measures to attract more investment in renewable energy, especially solar power.
According to the Government’s targets, solar power is expected to become the main renewable energy source in the future, with installed capacity to be increased from 6-7 MW by the end of 2017 to 850 MW by 2020 (1.6% of the country’s power generation) and 12,000 MW by 2030 (3.3% of the country’s power generation).
Vietnam is among countries that enjoy the most sunlight in the world, with the Central Highlands and south central regions recording between 2,000 and 2,600 hours of sunshine every year, reported the Vietnam Clean Energy Association.