After two years of construction, the plant with the capacity of 50MWp, Binh Dinh’s first-ever solar power plant, on the area of 60 hectares in Phuong Mai Peninsula at the cost of VND1,300 billion ($56,028,880) officially connects to the national grid. Deputy PM Binh highly appreciated the plant ordering the plant managers to employ local laborers and hoping that it will contribute to the province’s socio-economic growth as well as protect environment. Binh Dinh EVN Director Huynh Ngoc Viet said that plant Fujiwara everyday supplies around 3,000kWh, netting VND550 million. This is the project to mark the new progress in relationship between the two countries, said Deputy PM Binh. By NGOC OAI - Translated by UYEN PHUONG … [Read more...] about Deputy PM cuts ribbon to inaugurate Japan’s solar power plant
Solar powered toy windmill
Solar power firms see revenue surge in H1
Gia Lai Electricity (GEC), which owns five solar power plants with a total capacity of 260 MWp, saw its revenue surge 2.3 times year-on-year to VND514 billion ($22.15 million). Its profit for the period rose by 77.5 percent year-on-year to VND158 billion ($6.8 million). All of GEC’s plants have exceeded production targets in the first half, and the company expects the trend to continue for the whole year. Construction firm Ha Do Group, which owns a 48-Wp solar power plant in the central province of Binh Thuan, also saw its hydropower and solar power revenues almost doubling from last year to VND308 billion ($13.27 million). Investment firm Bamboo Capital Group saw first revenues from its 40.6-MWp BCG-CME Long An 1 plant in the Mekong Delta province of Long An after launching it on June 23. The group is now seeing revenues of about VND500 million ($21,500) a day from this plant. When the Long An 2 solar power plant in the same province starts operating by the end of this … [Read more...] about Solar power firms see revenue surge in H1
Ministry urges bidding mechanism for solar power projects
Illustrative photo (Source: VOV) This information was noted in a report by the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade (MoIT) regarding the results of a recent meeting with the Government’s standing committee. The meeting raised discussions on a draft mechanism on how to stimulate the development of solar power. The MoIT will restructure solar power projects in an appropriate manner which matches the capacity of transmission grids whilst harmonizing the interests of the State, investors, and residents, the report says. The future development of rooftop solar power projects will also be facilitated while a closer watch will be kept on the division into different regions based on solar irradiation. The ministry would make joint efforts with the State-run Vietnam Electricity group (EVN) and the Committee for Management of State Capital at Enterprises to scrutinize and propose a mechanism that allows the private sector to make … [Read more...] about Ministry urges bidding mechanism for solar power projects
Germany assists Vietnamese households in developing solar power
A rooftop solar power system in Tay Ninh province (Source: VNA) Hanoi (VNA) – Households in Vietnam which install rooftop solar power systems by 2021 will receive a maximum of 6 million VND (256 USD) each from the German Government through the German development bank KfW. This is part of the 14.5-million-EUR renewable energy development project jointly carried out by the Vietnamese Ministry of Industry and Trade (MoIT) and the German Government during 2019-2021. The project aims at benefiting 50,000-70,000 households across Vietnam. In addition, Germany will help the country in training human resources and encouraging the private sector and households to participate in rooftop solar power development activities. The MoIT has recently approved a programme on developing rooftop solar power in the 2019-2025 period, which aims to support the implementation of the national strategy on renewable energy development. According to the Vietnam Electricity Group (EVN), more than … [Read more...] about Germany assists Vietnamese households in developing solar power
Solar power a victim of its own success
The national grid cannot keep up with solar projects popping up to feed growing manufacturing activity Photo: Le Toan Solar power development in Vietnam is hotter than ever. The boom began when the Vietnamese government released Decree No.11/2017/QD-TTg in April 2017 on mechanisms for encouraging the development of solar power. Bui Van Thinh, chairman of Thuan Binh Wind Power JSC, told VIR, “The issue about grid connection is just like that of My Dinh National Stadium in Hanoi. While the stadium can accommodate only 40,000 people, the demand for watching football matches is far higher than that. How can we decide who gets inside and who will be left outside the stadium? There is similar pressure on the national power grid.” Phu Lac wind farm invested by Thuan Binh is one of the renewable power projects in the south-central provinces of Ninh Thuan and Binh Thuan that had to reduce capacity after the grid was recently overloaded. Excessive capacity Under Decree 11, the … [Read more...] about Solar power a victim of its own success