Australian stock exchange-listed battery maker Redflow has announced a AU$14.5 million ($11.25 million) funding round, as the Brisbane-based company takes its manufacturing base offshore and turns its attention to a market “sweet-spot” including the off-grid, telecom, commercial and industrial sectors.
The Korean conglomerate has signed a joint operation investment agreement with Vietnam-based BCG Bang Duong to develop $100 million, 100 MW solar plant in nation’s Thanh Hoa district.
Vietnamese conglomerate TTC Group is now seeking investors for 10 to 20 projects, with plans to connect them to the grid by next year, according to recent media reports.
The expansion of the Asian solar market in the first quarter of 2017 was broadly similar to the growth seen in the first quarter of last year, although most countries in the region have yet to reveal official installation statistics for the January-March period, the Asian Photovoltaic Industry Association (APVIA) said in a new report.
The Vietnamese government has issued the long-expected FIT scheme for solar energy projects. The 20-year FIT was set at VND 2,086 ($0.091)/kWh. Furthermore, a net metering mechanism is expected to support residential PV across the country.
Government of Vietnam’s Yen Bai province teams with South Korean renewable energy developer Solkiss to finalize plans to develop 500 MW solar project at Thac Ba Lake. Solkiss will request Korean government financial assistance for the project.
Country’s Dak Lak province grants series of MoUs and licences for a raft of solar PV projects, including a reported 300 – 500 MW solar farm to be developed by U.S. power firm AES Corporation and a mooted 2 GW project by local firm Xuan Thien Daklak, reports Reuters.
The U.S. heterojunction PV cell specialist has secured initial approval to oversee construction of 200 MW of solar capacity in Binh Thuan province.