Vietnam province taps Korean government for assistance on 500 MW solar project


South Korean government assistance has been requested for a proposed 500 MW solar PV project planned for Thac Ba Lake in Vietnam’s Yen Bai province as the local government seeks to increase its clean energy output and strengthen ties between Vietnam and South Korea.

In a statement on the Yen Bai province website, the local government confirmed that Vietnam’s Ministry of Industry and Trade has given the green light for the solar power project, with South Korean renewable energy developer Solkiss already on board.

The company’s president, Do Young Woo, remarked that, after working closely with Yen Bai province leaders, it is in a position to commence investigative work on the project – with, the company hopes, assistance from the Korean government.

“The expected capacity of the plant is 500 MW, with a total investment of 25,000 VND billion ($1.1 billion),” said Young Woo. “Our company will request Korean government [assistance] to create all conditions for implementing the project in Yen Bai.”

Thac Ba Lake is an artificial lake that was created in Vietnam in the 1960s. Solkiss was instrumental in building South Korea’s first floating solar plant in 2015, and would bring this experience and expertise to any such project.

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Further details of the type of solar farm planned are sketchy at this stage. Yen Bai PPC chairman Do Duc Duy said that the solar plant will be a project with “modern technology” and a “useful efficiency that is friendly to the environment.” Yen Bai’s government will work with the Ministry of Industry and Trade, as well as Vietnam’s General Department of Energy, to adds the project into the national electricity development plan.

“We have proposed to the government and other ministries and agencies to give Yen Bai specific mechanism for the project. The national government is very interested in developing renewable energy sources, and there are many incentives for the development of solar power projects in Vietnam,” concluded Duc Duy.

Earlier this month it was reported that Vietnam’s Dak Lak province had granted a series of development licenses and MoUs for a raft of large scale solar projects in the region, with many GW-worth of capacity on the table.

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