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.
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