The Vietnamese Government plans to develop solar power and discuss incentives to encourage solar energy projects in the country.
Discussions over incentives will take place before a submission is made to the Prime Minister for approval.
Increasing numbers of investors are expressing an interest in solar power in Vietnam, after Vietnam's first - the Thien Tan Group's project in central Quang Ngai province with investment of VND826 billion ($37.1 million).
Leaders in central Quang Nam province met recently with Royale Star Holdings Pte., Ltd from Singapore regarding a solar power investment plan for the province.
Last year Royale Star and Russia’s Arman Holding Wordwide Group cooperated with Vietnam Natural Energy Development Investment Joint Stock Company to build a solar power plant in the province with total investment capital of $140 million and capacity of 100 MW.
Two other companies from the UK, G.T & Associates and Marshall & Street Ltd, last year proposed a solar power plant in Quang Nam province with investment of about $225 million.
Quang Ngai province, meanwhile, has allowed the UK’s Kimin Power Co. to study an investment in a solar energy plant with a capacity of 150 MW on an area of about 250 ha.
In recent years Vietnam has attracted a lot of investors in solar power, such as Hanwha Solar from South Korea with a $200 million investment in central Thua Thien Hue province and Solar Park from South Korea with a $600 million project in north-central Ha Tinh province.
India’s Tata Power Co., is also seeking investment opportunities in solar and wind power in the Mekong Delta’s Soc Trang province and south-central Ninh Thuan province.
Source : https://www.talkvietnam.com
Keyword : Incentives, may come, for solar power investments.
