Chinese inverter manufacturer Sungrow has closed an agreement with French industrial group Bouygues for the supply of its SG3125HV-MV containerized inverter solution. It is set to be installed at a 201 MW solar PV park in Vietnam, in the Ninh Thuan region.
The project, jointly developed by BIM Group of Vietnam, and AC Energy of Philippines, is reportedly one of the largest of its kind in the country.
Overall, AC Energy and the BIM Group have brokered agreements to jointly develop more than 300 MW of solar PV in the province, citing a vibrant and growing Vietnamese solar market. Indeed, the government has plans to turn the southeastern province into the country’s clean energy centre.
Under the old regulations, the feed-in tariff of VND 2,086/kWh (exclusive of VAT, US$9.35/kWh) applied only to projects, or parts of a project, which commenced commercial operation before June 20, 2019. The remuneration scheme is also connected to a 20-year PPA. The 120 MW project is expected to come online before this date.
However, in September, the Vietnamese Government extended the FIT period by a year to allow for the development of the Ninh Thuan province as a clean energy center. At the same time, it placed a 2 GW cap on the scheme, which 1.9 GW of solar projects have already reportedly already applied for.