Hundreds of solar projects registered to invest in Vietnam

Hundreds of solar projects have registered to invest in Vietnam as of the end of July 2017, with a total capacity of up to 17,000 MW.

Illustrative Image (Pho to: Thai Thien).

According to the World Bank's solar-powered potential map, Vietnam's solar energy resources are plentiful, with thermal radiation of approximately 2,056 kW/m2/year, extending from the central provinces down to the Mekong Delta.

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

Representatives from the US Agency for International Development's Energy Programme said that by the end of July 2017, hundreds of solar projects have registered to invest in Vietnam, with a capacity of up to 17,000 MW, proving that solar energy has attracted great attention from investors both at home and abroad.

Accordingly, Ninh Thuan province has a huge potential for solar power, attracting around 140 projects, followed by Ninh Thuan with around 100 projects, Dak Lak 13 projects and Khanh Hoa 12 projects.

Among them there are many large-scale projects, such as Thien Tan Group's 2,000-MW solar power projects in Ninh Thuan and Quang Ngai, Xuan Cau Group investing in a 2,000 MW project in Tay Ninh, and TH True-Milk and Xuan Thien Company investing in Dak Lak, with a capacity of approximately 3,000 MW each.

Regarding the electricity side, Vietnam Electricity has also invested in nearly 20 projects, with a total installed capacity of 2,000 MW, in Khanh Hoa, Kon Tum, Ninh Thuan, Binh Thuan and Dong Nai.

Energy experts state that with its great potential, and the Government's attention to this source of energy, in conjunction with the announcement of the solar electricity price mechanism, which will take effect next month, the target of reaching total capacity of 12,000 MW from solar power is feasible.

(Source: NDO)