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KfW

100 MW Solar Power Project Proposed In Vietnam’s Quang Tri Province

100 MW Solar Power Project Proposed In Vietnam’s Quang Tri Province

written by saurabh

A fresh solar power project has been proposed in Vietnam which has become a very attractive destination for solar power investors in the last few months.

According to media reports, AirCraft Company Vietnam-Germany GBR has proposed to set up 100 MW solar power project in the Quang Tri province. The project is expected to require a total investment of $200 million.

The provincial government has confirmed that the company submitted a plan to explore the possibility of setting up such a power plant. The project is expected to receive funding from the German development bank KfW.

Several private investors from around the world have expressed interest in setting up solar power projects in various provinces of Vietnam. The government is now considering incentives for such investors to speed up the development of solar power market in the country.

Earlier this year, Canada-based CMX Renewable Energy announced plans to set up a 150 MW solar power project in the Ninh Thuan province.

Vietnam has an ambitious target to add renewable energy capacity. According to the current national plan, the government plans to increase hydropower capacity from 17,000 MW at present to 21,600 MW by 2020 and 27,800 MW by 2030. Wind energy capacity is envisaged to be increased from current 140 MW to 800 MW by 2020 and 6,000 MW by 2030. The government has set a target to increase installed solar power capacity from current 850 MW to 4,000 MW by the end of this decade and 12,000 MW by the end of next.



July 10, 2016 0 comment
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KfW To Support Floating Solar Power Projects In India

KfW To Support Floating Solar Power Projects In India

written by saurabh

The Ministry of New and Renewable Energy (MNRE) has announced collaboration with KfW for implementation of solar power projects over water bodies.

India’s Ministry of New and Renewable Energy (MNRE) has conducted a study to assess the potential of floating solar power in India. In collaboration with Germany-based development bank KfW, ministry plans to set up two floating solar power plants in the states of Maharashtra and Kerala. Both the plants are estimated to cost about US$46.15 million.

MNRE senior official reported that at the beginning 40 MW of solar capacity would be set up. Larger capacity floating solar plants are also expected to be built once technical viability of the floating solar technology is assessed from the initial two projects.

According to the preliminary study undertaken by Kolkata-based Renewable Energy College, India has the potential to generate 310 GW of solar power from floating solar power plants. There are 61.48 lakh hectares of still water surfaces in India which can be used to install floating solar panels.

The floating solar power plants are believed to generate better yields compared to solar power plants installed on land. According to solar power expert, SP Gon Choudhury, 1 MW floating solar plant can generate 1.7 million units per year, while the same on land will generate 1.6 million units. The area required for installation on land and water is almost same. The per MW capital cost for floating plants is around Rs 9-10 crore (US$1.35-1.5 million) whereas installation cost of ground-based utility-scale solar power project has fallen to around Rs 5.3 crore (US$0.8 million) per MW.

Recently, India’s National Hydro Power Corporation or NHPC Limited has announced plans to set up 600 MW floating solar power project at one of its largest hydro power complexes.



June 29, 2016 0 comment
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