Deputy Prime Minister Vương Đình Huệ (eighth from left) attends the plant's opening ceremony on Monday. Photo baochinhphu.vn

HÀ TĨNH — Hoành Sơn Joint Stock Co inaugurated its solar power plant, worth more than VNĐ1.45 trillion (US$63 million), in the central province of Hà Tĩnh on Monday.

The opening ceremony of the plant – the first of its kind in the locality – witnessed the presence of Deputy Prime Minister Vương Đình Huệ.

Spanning 50ha in Cẩm Xuyên District, the Cẩm Hòa solar power plant has a designed production capacity of 50 MWp.  

According to local authorities, the plant’s launch marked a good beginning for Hà Tĩnh’s renewable energy industry and is expected to contribute to accelerating the province’s socio-economic development in the future.

They added that the province was also seeking foreign and domestic investment in two other solar power plants. 

Renewable energy like solar and wind will play an essential role in helping Việt Nam complete its long-term goal of connecting the whole country to the national grid, experts have said.

According to them, Việt Nam’s solar system had the potential to reach 35,000MW by 2030.

The Government has applied tariff incentives or renewable energy payments for solar power since 2017 in an attempt to accelerate investment in renewable energy. — VNS