Business
Japanese company to develop solar electricity in Binh Phuoc
Japan’s WWB Corporation will build a solar power plant in Dong Phu district, the southern province of Binh Phuoc, according to Binh Phuoc province’s People’s Committee.
Covering 50ha in Tan Hoa commune, the plant has a capacity of between 75 and 100MW.
Nguyen Van Loi, General Secretary of the provincial Party Committee, said the province welcomes the project and pledges to create all possible conditions for the investor to implement the project.
Vietnam has enormous solar potential, especially in its central and southern parts. It has average solar irradiation of 4-5 kWh/squ.m/day, which is comparable to Thailand and the Philippines, which are more developed solar markets in the region, as well as to mature international markets like Spain and Italy.
The Vietnamese Government has recognised this potential and aims to significantly increase renewable energy production including solar power.
Under its newly revised Power Development Plan for until 2030, which includes ambitious development targets for renewables in general and solar energy in particular, the capacity of solar photovoltaics (PV) shall increase from around 7 megawatts (MW) now to 850MW by 2020 and 12,000 MW by 2030.
Nguyen Van Loi, General Secretary of the provincial Party Committee, said the province welcomes the project and pledges to create all possible conditions for the investor to implement the project.
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The Vietnamese Government has recognised this potential and aims to significantly increase renewable energy production including solar power.
Under its newly revised Power Development Plan for until 2030, which includes ambitious development targets for renewables in general and solar energy in particular, the capacity of solar photovoltaics (PV) shall increase from around 7 megawatts (MW) now to 850MW by 2020 and 12,000 MW by 2030.
