Financed by LICOGI 16 Joint Stock Co, the 35MWp Nhơn Hải-Ninh Thuận solar farm covers 42ha in Nhơn Hải District. — VNA/VNS Photo Công Thứ

NINH THUẬN — A new solar farm valued at VNĐ750 million (about US$32.5 million) was officially opened for operation in the south-central province of Ninh Thuận on Thursday.

Financed by LICOGI 16 Joint Stock Co, the 35MWp Nhơn Hải-Ninh Thuận solar farm covers 42ha in Nhơn Hải District. 

LICOGI 16 General Director Tăng Quốc Thuộc said the farm will contribute 59 million kWh per year to the national grid, raking in about VNĐ136 billion annually and creating stable jobs.

During the opening ceremony, vice chairman of the provincial People’s Committee Lê Văn Bình praised the investor’s efforts to ensure the project, the first-ever in Ninh Hải District, remained on schedule despite many challenges. 

He also asked departments, sectors, and authorities in the district to create optimal conditions for the company to invest in related fields, contributing to local socio-economic development.

Blessed with abundant sunshine and wind all year round, Ninh Thuận has given priority to wind and solar power, liquefied natural gas, and pumped-storage hydroelectricity projects, in a bid to become the country’s renewable energy hub.

It is now home to 23 operational solar power projects with a combined capacity of about 1,403MWp. By late 2020, eight more projects will have been put into operation, raising total capacity to 2,123MWp and generating approximately 2.5 billion kWh. — VNS