The World Bank and Electricity of Vietnam (EVN) have installed five solar measurement stations across Vietnam, as part of a campaign to promote the deployment of renewable energy.
China’s GCL System Integration Technology (GCL-SI) and Vina Solar have started manufacturing PV cells in Vietnam, with annual output estimated at 600 MW. Roughly 330 MW of their total output capacity has been reserved for passivated emitter rear contact (PERC) solar cells.
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.