Conergy enters Vietnam market with 30 MW solar project

Conergy, a global developer of renewable energy projects that is headquartered in Germany, has today confirmed it is to shortly begin work on its inaugural Vietnamese solar project, commencing the construction of a 30 MW PV plant in April.

The firm has been selected as the EPC contractor for the solar plant by BIM Group – a leading agriculture, industrial, commercial and energy conglomerate in Vietnam – and AVC Energy, which is the business arm of Ayala Group, an industrial firm from the Philippines.

Ayala Group and the BIM Group are the joint developers of the solar project, which will be located in Ninh Thuan, one of the driest areas of Vietnam.

The proposed site covers 400,000 square meters and forms a portion of Vietnam’s 300 MW clean energy pipeline. Conergy will begin work in April and hopes to connect the plant to the nation’s grid by December of this year.

Although the solar project is Conergy’s first in Vietnam, the EPC has a burgeoning portfolio in the ASEAN region, having already partnered with AC Energy to develop further solar farms in the Philippines.

BIM Group chairman Doan Quoc Viet expressed at the ground-breaking ceremony his hope that the project will represent a springboard for Vietnam’s solar industry. “This project will help Vietnam to prosper economically without sacrificing the environment,” Viet said. “It is one of Vietnam’s most sustainable energy projects, and we are very excited to complete the project later this year.”

Despite excellent solar conditions, a growing economy and a strong manufacturing base, Vietnam’s solar ambitions have been relatively modest compared to its near-neighbors in the region.

Last fall, the country’s authorities unveiled plans to launch an auction program for solar energy, setting a proposed floor price of $0.0935/kWh, and a projected launch date prior to the expiration of the current FIT scheme, which is due to end in June 2019.

Recent activity in the country has been largely focused on large-scale development, with a handful of projects in the construction phase, including a 49.5 MW solar plant in Quang Binh province, and a 100 MW project – jointly owned by Hanwha Q Cells – poised to begin construction in Long An province very soon.