June 19, 2017 Read More →

Upswing in Vietnam Renewable Investments

VietnamNet:

The number of renewable energy plants capitalized at VND1.2-1.4 trillion (US$50-60 million) has been increasing rapidly.

The Binh Thuan provincial People’s Committee has accepted commitments from 20 investors to invest in the renewable energy sector in the province. This is a part of the province’s plan to become a large energy center of the country in the next few years.

These include a commitment to build three wind and power plants by Duc Long Gia Lai Group with total investment capital of VND13.8 trillion. The largest project is the 200 MW Plant to be located in Phan Thiet City, capitalized at VND6 trillion.

A representative of Duc Long Gia Lai Group said this is just the first step in the group’s strategy on pouring VND30 trillion into renewable energy and tourism projects to be developed from now until 2030.

Prior to that, EVNGenco No 3 (Power Generation Corporation) registered the solar power project with expected capacity of 350 MW in Ninh Thuan province.

Other localities, such as Khanh Hoa, Quang Tri and Binh Dinh, though having less favorable natural conditions, have also attracted a lot of investors.

The Khanh Hoa provincial authorities have recently agreed in principle to two solar energy projects initiated by the Central Region Power Corporation and a local company. The two projects have estimated capital of VND4.3 trillion.

Most recently, Fujiwara from Japan has received investment license for the solar & wind energy project in Binh Dinh province, capitalized at VND1.446 trillion in total.

Nguyen Thanh Hung, deputy CEO of Bamboo Capital JSC, said the company is planning to mobilize $300m between 2017 and 2020, of which $100m would be poured into renewable energy projects.

More Vietnam renewable energy projects licensed

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