Natcore Technology approved for 200 MW of PV in Vietnam

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Authorities in the southeastern province have approved the US$300 million multi-phase project based on the completion of a feasibility study and land-use agreement. 

However, the plan still needs to be green-lighted by utility VietNam Electricity (EVN) and the Ministry of Industry and Trade (MOIT).

Natcore will start by overseeing construction of a 56.18MW array on a 95-hectare site, in cooperation with an undisclosed European developer and a consortium of Vietnamese companies. 

“By developing the project in tranches, Natcore and its partners will be able to generate revenue before the entire project is completed,” the New Jersey-based company said in an online statement. 

As project manager, Natcore has tentatively locked in suppliers of PV modules, inverters and EPC services, but did not identify any specific companies. 

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It first announced plans to build the project in August. 

Last March, Natcore achieved 17.5% laboratory efficiency with its aluminum all-back contacted cells.

Author: Brian Publicover

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