Vietnam

India’s solar sector will outperform globally despite near-term challenges, says Fitch Solutions

With Narendra Modi being tipped to triumph again in the current Indian elections, Indian solar capacity is expected to grow robustly, at 15.3% per year, on the back of continued strong government support.

India investigates claim of dumped coated steel products from China, Korea and Vietnam

In the latest tariff spat to afflict the solar world, India’s Directorate General of Trade Remedies will investigate a claim steel products coated with aluminum and zinc are being dumped by Far Eastern manufacturers.

First Solar is sitting pretty

The thin film PV maker reported solid year-end 2018 results, with future bookings extending out four years and the fourth of five Series 6 factories already online.

IFC anchors green bond for 5 GW of renewables in east Asia and Pacific

World Bank sister organization the IFC has made a $75 million commitment to a green bond recently issued by Philippines based developer AC Energy. Vietnam’s sub-standard financial sector performance has prompted the Asian Development Bank to suggest green bonds could best leverage the country’s renewable energy targets.

Vietnam mulls multi-layered FIT scheme as it kicks energy transition into gear

With its feed-in tariff set to expire at the end of June, Vietnam is considering different levels of payment, classified across three irradiation regions and involving four solar technologies. Future payments would range from $0.0659-0.0985/kWh, with the cloudy north in line for the highest tariffs and with the government likely to revise tariffs for new projects every two years.

2019 PV installations to hit 123 GW, global balance shifting, says IHS Markit

More predictions from IHS Markit reveal that 123 GW of solar PV installations are expected in 2019 – up 18% on the capacity additions expected this year. It also sees a market shift away from China, with two thirds of capacity located elsewhere. The overcapacity situation is also expected to ease.

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ADB invests $155 million in Thai green bonds

The bank continues its involvement in Thailands largest IPP B.Grimm, which is set to grow its renewable energy portfolio. According to ADB, the green bond proceeds will go to nine operational solar PV plants with a cumulative rating of 67.7 MW, and 30.8 MW that are currently still under construction.

Vietnam should increase solar FIT to $0.15/kWh, report says

According to a report published by the Asian Development Bank (ADB), key factors such as the low-regulated price of electricity and uncertainty of the creditworthiness of Vietnam’s state-owned utility EVN are making it difficult to develop bankable solar and RE projects. An improved fiscal energy policy is recommended as the only way to provide the local energy sector with long-term capital and competence in conducting green credit appraisal. Furthermore, the report warns that the current 20-year FIT of US$0.0935/kWh for solar projects is too low.

Sungrow bags 201 MW solar project in Vietnam

The Chinese-based manufacturer has closed a deal for the supply of its inverter solutions to the large-scale solar project in southern Vietnam. Sungrow says it has deployed a total of 1 GW of solar projects in Vietnam.

Juwi signs contract for third project in Vietnam

German renewables developer Juwi has signed a contract to provide EPC services for a 50 MW project located near to the coast in central Vietnam’s Binh Dinh province. This project brings Juwi’s pipeline in the Southeast Asian country to 130 MW.

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