Foreign firms have plans to step in Vietnam's solar energy industry. (Photo: Internet)
Lee Ji Hwang – a policy advisor to the Korean Ministry of Trade, Industry and Energy revealed the information at a recent meeting with the province’s authorities.
Hanwha, South Korea’s fifth largest investor operating in the fields of finance, construction and energy, is carrying out solar energy projects in Vietnam as part of cooperative agreements reached by the two governments, Mr. Lee said.
A number of foreign investors have shown interest in carrying out solar power project in the central region of Vietnam.
Another Korean industrial conglomerate, Solar Park Korea, last month showed interest in investing $650 million in a solar plant project with capacity of 300 MW in the central province of Ha Tinh.
Korean teleco KT in June kicked off the construction of a $13.7-million solar cell project in Quang Binh province.
Meanwhile, Russian energy company Arman Holding has been working with its Singaporean and Vietnamese partners for a 100MW solar project worth $140 million in Quang Nam province.