In June 2020, a new 550 MW solar project was announced to be built in Luning County, in Vietnam’s Pingfu province. It will be built by China Power Construction Group, which has entered into an agreement with Thailand’s Super Energy. No completion date has been announced for the project.
At the end of May 2020, construction was started on the Phu My solar power plant in Bình Dinh Province, by Clean Energy Vision Development JSC, a subsidiary of Bamboo Capital Group. The 330 MW plant will have three solar farms with capacities of 120 MW, 110 MW and 100 MW and it will be the largest of its kind in the province. It will cost more than VND 6.2 trillion (USD 266.9 million). When construction is completed by the end of this year, it is expected to generate around 520 million kWh per year.
Vietnam leads the region’s solar market, accounting for over 40% of South East Asia’s installed solar capacity. In 2019, it was expected to achieve a cumulative installed solar capacity of 5.5 gigawatts, up from only 134 MW in 2018. Between June 2018 and June 2019, Vietnam added 4.45 GW of new capacity.
(Sources: Smart Energy International; Vietnam News)