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Vietnam Solar Power

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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Canada’s CMX Renewable Energy Plans 150 MW Solar Power Plant In Vietnam

Canada’s CMX Renewable Energy Plans 150 MW Solar Power Plant In Vietnam

written by saurabh

Canada-based CMX Renewable Energy has announced plans to expand presence in the south-east Asian country of Vietnam.

According to media reports, CMX Renewable Energy has proposed to set up a large-scale solar power project in Vietnam. Company officials attended a meeting with Ninh Thuan’s People’s Committee recently and proposed to set up 150 MW solar photovoltaic power project in the province of Ninh Thuan.

As per the proposal, CMX Renewable Energy will invest $150 million to set up the project over an area of 250 hectares. The company has also proposed to supply 1% of the electricity generated to the local community free of charge.
Vietnam’s solar power market remains largely undeveloped but holds immense potential. Of late, several foreign companies have announced plans to expand solar power power infrastructure in the country.

South Korean company Hanwha is believed to have been planning a 100-200 MW solar power project in the country. US-based First Solar is also looking to enter the country through partnership with a local company.

Vietnam plans to increase solar power installed capacity to 840 MW by 2020. At present, one utility-scale solar power project is under construction in the country. The 19.2 MW capacity is expected to be commissioned next year. The country has set a target to reduce greenhouse gas emissions by 8% by 2030 compared to business-as-usual scenario. The government has pledged to increase this target to 25% with international support.



May 14, 2016 0 comment
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