Da Mi has $37 million for a floating solar project it wants to build at its hydropower plant in Binh Thuan province. If built before 2022, the project will be entitled to a feed-in tariff of $0.0769/kWh – provided a draft FIT scheme being considered by the government is passed into law.
Asia’s largest IPP receives funds to develop renewable energy assets in line with Indonesia’s plans to increase renewable generation to 23% by 2025. The ADB’s support for PV at this scale is novel and could help overcome financing gaps that have hindered PV development in emerging nations
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