Hanoi, Vietnam: The Asian Development Bank (ADB) mobilized a $135 million financing package for VinFast Trading and Production Joint Stock Company (VinFast) for manufacturing Viet Nam’s first fully-electric public transport bus fleet and first national electric vehicle (EV) charging network. The assistance will support Viet Nam’s efforts to achieve net-zero greenhouse gas emissions and expand […]
Sembcorp Receives Investment Licence to Develop VSIP Can Tho Industrial Park in Vietnam
Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, has received the investment licence to develop a new industrial park in Vietnam’s Can Tho City. The 293.7-hectare industrial park in Can Tho will be operated by the Vietnam Singapore Industrial Park (VSIP) Group. Sembcorp is the joint master developer of the VSIP projects together with its […]
Vietnam: Norsk Solar experiences continued growth in key markets and secures 1.8 MW rooftop solar project in Vietnam – EQ Mag Pro
Norsk Solar, an independent solar power producer focused on commercial and industrial (C&I) projects in emerging markets, has entered into a long-term power purchase agreement (‘PPA’) with Lineage Logistics, one of the world’s leading and most innovative temperature-controlled industrial REIT and logistics solutions providers. The PPA is signed by Norsk Solar Vietnam, which is owned […]
Vietnam needs $8 bln-$14 bln power investment a year through 2030: minister – EQ Mag Pro
HANOI : Vietnam will need investment of between $8 billion and $14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister said on Wednesday. Of the amount, 75% would be spent on new power plants, with priority given to renewable sources, and 25% on grid […]
Vietnam says AES Corp intends to develop $13 billion wind farm – EQ Mag Pro
HANOI : U.S.-based energy utility AES Corp plans to develop a major offshore wind farm in Vietnam, the Southeast Asian country said on Friday, that could potentially double the country’s wind power capacity. The wind farm, estimated to cost $13 billion and with a combined capacity of 4,000 megawatts (MW), would be built off Vietnam’s […]
Scatec refinances wind power plant in Vietnam and receives net proceeds of USD 6 million – EQ Mag Pro
Oslo : Scatec, a leading renewable energy solutions provider, has refinanced the USD 37 million of non-recourse project debt for the 39 MW wind power plant Dam Nai in Vietnam. With this refinancing, Scatec has achieved improved project return through a reduced interest margin and a covenant relief which allows for an immediate cash distribution […]
Solis Receives Top-notch Award For Second Consecutive Year – EQ Mag Pro
Hanoi, Vietnam : Solis awarded Top10 Wind & Solar Energy’s Enterprises With The Technology, Equipment & Service in Vietnam 2021 at Vietnam Clean Energy Forum. Held by the Scientific Council of Vietnam Energy Magazine, the award is presented with the theme: ‘Towards carbon neutrality – Mechanisms, policies, technology, and finance for wind, solar, and gas […]
KSTAR subsidiary in Vietnam will be completed – EQ Mag Pro
KSTAR has announced the establishment of a wholly-owned Vietnamese subsidiary in the country’s Haiphong City. The first phase of KSTAR industrial park will be completed in 2022. The company will cover 47,715 square meters with a total investment of USD 22 million. The second phase will start in 2024. First phase production capacity will be […]
KSTAR‘s Vietnam Production Base Project (Phase I) Officially Top Off – EQ Mag Pro
On March 1st, with the last bucket of concrete poured, the main building of the KSTAR‘s Vietnam Production Base Project (Phase I) was successfully topped off. The production plant will have a capacity of producing 14,000 UPS, solar inverters and other devices annually and create 200 jobs after completion, said the company. Occupying an area […]
Black & Veatch, The Green Solutions Sign MoU to Advance Green Energy Production in Vietnam – EQ Mag Pro
The Green Solutions appoints Black & Veatch to study the generation and storage of green hydrogen and green ammonia in Vietnam Black & Veatch and The Green Solutions (TGS) have signed a Memorandum of Understanding (MoU) to advance the production and supply of green hydrogen and green ammonia in Vietnam. Specializing in renewable energy project […]