Vietnam is witnessing the growing "thirst" of
international companies and investors engaging in the solar energy trading
market.
The real potential of solar power in Vietnam
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According to the Vietnam Clean Energy Association, Vietnam is
one of the countries with the most sunshine in the world's solar radiation map.
On average, total solar radiation in Vietnam ranges from
4.3-5.7 million kWh / m2. In the Central Highlands provinces, the average
sunshine hours range from 2,000-2,600 hours per year, average solar radiation
of 150kcal / m2 is about 2,000-5,000 hours per year, with estimated theoretical
potential around 43.9 billion TOE (TOE – tons of oil equivalent).
With the wind and solar advantage of a tropical monsoon climate
country, Vietnam identified that these were two main sources of energy for
clean power development. Therefore, The Power Development Master Plan VII has
been adjusted and planned to exploit solar electricity of about 850MW by 2020;
4,000MW by 2025 and around 12,000MW by 2030.
Currently the provinces such as Binh Thuan, Ninh Thuan, DakLak, Tay Ninh ... total capacity registered projects in each province reaches
1,000 MW. These are huge numbers, however, according to many experts, the
efficient use of wind and solar power is not easy.
In the last few years , the Government of Vietnam has
facilitated investors to develop solar energy together with the latest Feed in
Tariff (FiT). Although the ability to pay for a project is always an important
challenge, but with a positive outlook for future return on capital and current
business conditions, this market will provide a good opportunity. for
developers, investors, IPPs, service providers, suppliers and manufacturers.
Currently, Sinenergy Holdings Co., Ltd will invest in a plant
producing solar power combined with high technology agriculture in Phuoc Huu
commune (Ninh Phuoc district) on an area of 832 ha with a total investment
capital of VND7,920 billion. The investment scale of the project is 300MW with
a production volume of over 550 million kWh / year in combination with hi-tech
agriculture: local vegetables and fruits (tomatoes, apples, garlic, etc) and
fresh vegetables exported to Singapore and the world. The project is divided
into 4 stages for investment and is expected to be completed in July 2019.
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| FDI Company supports Sinenergy Holdings Co., Ltd when delegation woks with Ninh Thuan Province |
Of which, FDI Joint Venture Investment Promotion andInternational Cooperation Company (FDI Company) is currently reliable investment
promotion and consultancy Unit for Sinenergy Holdings Co., Ltd to transact
business with Ninh Thuan Province’s leaders to carry out this project. It is
projected to be completed in July 2019.
We are proud
of being top five reliable company specializing in investment fields in
Vietnam. Please contact us for inquiries via email : info@fdi-vietnam.com or call us directly at + 04.32020505. Our
official website: fdi-vietnam.com. Currently, our company has more than 5,000 projects and 300
industrial parks in Vietnam calling for investment.
Let us help your business in Vietnam.
Let us help your business in Vietnam.
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