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Hundreds of solar projects registered to invest in VN

Update: August, 24/2017 - 16:30
Solar power is considered the main source of energy for renewable energy development, which is drawing the attention of domestic and foreign investors. — Photo baocongthuong.com.vn
Viet Nam News

HÀ NỘI — By the end of July 2017, hundreds of solar projects had registered to invest in Việt Nam with total capacity of up to 17,000 MW.

This was stated by the Energy Programme’s officer under the US Agency for International Development (USAID).

According to the World Bank’s solar powered potential map, Việt Nam’s solar energy resources are plentiful, with thermal radiation of some 2,056 kw/sq.m. per year extending from the central provinces to the Mekong Delta.

Solar power is considered the main source of energy for renewable energy development, which is drawing the attention of domestic and foreign investors.

Notably, the southern province of Ninh Thuận has huge potential for solar power, attracting some 140 projects, followed by Bình Thuận with 100 projects, Đắk Lắk with 13 projects and Khánh Hòa Province with 12 projects.

Of these, there are many large-scale projects, such as Thiên Tân Group’s 2,000 MW solar power project invested in Ninh Thuận and Quảng Ngãi, Xuân Cầu Group’s 2000 MW in Tây Ninh, TH True-Milk Group and Xuân Thien Company Limited’s investment in solar power projects in Đắk Lắk with capacity of some 3,000 MW each.

Regarding the electricity sector, Electricity of Việt Nam is also investing in nearly 20 projects with total installed capacity of 2,000 MW in Khánh Hòa, Kon Tum, Ninh Thuận, Bình Thuận and Đồng Nai provinces.

Experts in the field of energy said with this enormous potential and the Government’s interest in this source of energy, in conjunction with the announcement of the solar electricity price mechanism, which will come into effect next month, the target of reaching total capacity of 12,000 MW from solar power is feasible. — VNS

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