Vietnam will be home to a new 550MW solar project, built by China Power Construction Group, thanks to an agreement signed with Thailand’s Super Energy.
The Luning Photovoltaic Project, to be located in Luning County, in Vietnam’s Pingfu province, is set to be completed in three phases: design, procurement and construction, along with support facilities. No completion date has been announced.
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The project is not the first for China Power Construction in Vietnam. The company already completed over 70 projects totalling approximately 2.5GW of renewable energy capacity.
According to the company, its power projects in Vietnam represent approximately 65% of the country’s total installed capacity.
A brief official statement from China Power was scant on details, but Chinese news site Taiyang News has speculated a link to the Thai utility’s announcement in March 2020. This announced included a planned $457 million investment, comprised of three 200MW, and one 150MW solar project to supply Electricity of Vietnam with power at a fixed tariff of $0.0709 per kWh.
The tariff is in line with the one set by the Vietnamese government for ground-fixed solar projects to be commissioned in the country before the end of 2020.
The energy transition is a hot topic disrupting the utility industry in Asia and will be a key focus at Enlit Asia which takes place in Jakarta, Indonesia from 23-25 March. For more details click here.