Many foreign investors have plans to build solar plants in Vietnam. (Photo: www.populationeducation.org)
The authorities of the Vietnamese central province of Ha Tinh
have given a go-ahead for AirCraft Company Vietnam-Germany GBR to build a solar farm with an initial capacity of 50 megawatts (MW).
The move came after AirCraft Company Vietnam-Germany GBR conducted an examination in Trieu Thach anh Trieu Son communes where it found suitable conditions to place the solar plant.
After the exploration, the firm proposed building a $200-million solar farm with a capacity of 100MW covering an area of 130 hectares. The project will be funded by the KfW
Development Bank and other European financial institutions.
Nguyen Duc Chinh, chairman of the Ha Tinh People’s Committee, tasked the provincial Department of Industry and Trade to instruct AirCraft Company Vietnam-Germany GBR to proceed with the project.
A number of investors from Canada, the United States and South Korea have planned to erect solar power plants in Vietnam as the demand for renewable energy in the country is increasing.
Canada’s CMX Renewable Energy Inc. is seeking a license to construct a 150MW solar power plant in the central province of Ninh Thuan with an investment of $150 million. South Korea’s Solar Park and Hanwha Group have shown interest in building solar farms worth hundreds of million USD in the Southeast Asian country.