As of September 2018, the southern province of Tay Ninh has attracted 10 solar power projects from eight investors with total capacity of 808 megawatts (MW) and investment capital of VND19.64 trillion (US$862 million).
Illustrative photo.
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At present, nine out of 10 projects have been under construction, and are scheduled to be completed in June 2019, the deadline that developers must meet to connect to the national grid to enjoy perferential feed-in tariff.
Those include Dau Tieng 1, 2 and 3 solar power projects from the Dau Tieng Tay Ninh Energy Company with total capacity of 500MW and registered capital of VND12.76 trillion (US$549.95 million). All three projects started construction in September, and are expected to be put into operation in June 2019.
Additionally, the HCG Tay Ninh solar power plant and the Hoang Thai Gia trade, industry and energy complex have a combined capacity of 100MW and investment capital of VND2.4 trillion (US$103.43 million). Covering an area of 116.3 hectares, these two projects are located at the Moc Bai border gate economic zone and set to complete construction in June 2019.
Two solar power plants TTC 1 and 2 from the Thanh Thanh Cong Group (TTC) were designed with capacity of 98MW and capital of VND2.67 trillion (US$115 million) in Trang Bang. Constructions were started in May and July, respectively, for which TTC 1 has completed 45% of the work volume. Both are expected to be put into operation in May 2019.
According to a master plan, solar power is expected to become the main new renewable energy source in the future, with installed capacity to be increased from around six to seven megawatts at the end of 2017 to 850MW by 2020, accounting for 1.6% of Vietnam's power generation and 12,000MW by 2030 or 3.3% of the country's power generation.
