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.
Illustrative image
|
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.
14:43, 2024/11/18
Aircraft manufacturer Embraer seeks comprehensive aviation partnership with Vietnam
The Vietnamese leader urges the aircraft manufacturer to collaborate on technology transfer, airport construction and operation, research, and investment in Vietnam.
21:55, 2024/10/22
Better links with FDI firms to support Hanoi businesses
Hanoi will continue to focus on quality projects, especially with partners such as Japan, the United States, and Europe to boost technology transfer.
15:24, 2024/09/24
Vietnam calls for more US investment in innovation, hi-tech
The Vietnamese leader called on relevant agencies to resolve any challenges faced by investors and enhance the investment climate to encourage greater US investment in Vietnam.
14:13, 2024/09/23
Vietnamese leader urges Boeing to build production facility in Vietnam
Boeing is committed to continuing to support the development of Vietnam's aviation ecosystem, focusing on aviation infrastructure, human resources training, airport construction, and aircraft maintenance facilities.
14:38, 2024/09/17
Foreign capital pouring into Vietnam's real estate market
Experts are optimistic that the 2024 Land Law, once enacted, will help resolve legal bottlenecks and attract more FDI.
16:27, 2024/08/24
Vietnam news in brief - August 24
Read The Hanoi Times to stay up to date on developments in Vietnam.
- Growing number of FDI firms moving to Vietnam
- Vietnam Gov’t committed to facilitating Adani Group’s US$2-billion port project
- Vietnam Railway proposes US$87 million for Hanoi–Dong Dang railway upgrade
- Vietnam’s North-South high-speed railway to be designed for 350km/h
- Vietnamese gov’t urged to address impact of global minimum tax
- Samsung plans drastic investment increase in Vietnam over next three years