The Vietnamese government has announced in a press release that construction has started on the Dau Tieng 1 and Dau Tieng 2 solar PV power plants, which are part of a 500 MW solar project in the province of Tây Ninh, in south-western Vietnam.
The two facilities will have an installed capacity of 150 MW and 200 MW, respectively, and are scheduled to become operational in 2018 and 2019, the government said. A third 150 MW project, named Dau Tieng 3, is expected to be implemented between 2021-2025, it added.
Aggregate investment in the Dau Tieng 1 and Dau Tieng 2 projects should amount to around 9,100 billion VND (around US$397.6 million). The projects’ developers are Thailand-based energy company, B. Grimm Power Public Company Ltd and Vietnamese construction company, Xuan Cau Co. Ltd, said B.Grimm in a seperate press release.
Construction on another 168 MW PV project in southern Vietnam also began this month. The project is being built by Singapore-based developer, Sunseap thanks to an investment of $150 million.
Several more projects are currently under development or construction in the country, as part of the government’s FIT scheme, under which owners of grid-connected PV power plants are awarded a 20-year FIT of 2,086 ($0.091)/kWh, excluding VAT. This rate, however, is subject to changes based on the VND/US$ exchange rate.
The power generated by all grid-connected PV installations will be sold to local power utility Electricity Vietnam (EVN) over a period of 20 years.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.