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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