Both draft regulations for the Direct Power Purchase Agreement (DPPA) pilot program and the C&I Rooftop Solar are now still under review by the competent authorities. Below are some key updates in these two sectors in Vietnam up to June 2021: 1. Key updates on the Direct Power Purchase Agreement (DPPA) pilot pro-gram: MOIT is […]
Coro Energy to take 85% in C&I solar portfolio in Vietnam
Southeast Asia-focused company Coro Energy Plc today announced plans to acquire 85% in a portfolio of commercial and industrial (C&I) rooftop solar projects in Vietnam with a combined capacity of 150 MW. The company has signed a binding Heads of Terms with the owner of the portfolio, Vinh Phuc Energy JSC (VPE), to jointly develop […]
Samsung Urged to Use 100% Green Energy in South Korea And Vietnam
Greenpeace says electronics giant lags Amazon and Total in renewables use HO CHI MINH CITY/SEOUL : Samsung must switch to using 100% renewable energy in South Korea and Vietnam — the tech conglomerate’s two biggest production bases — even as those countries plan to build more coal-fired power plants, Greenpeace said in a report on […]
Mainstream to Buy Stake in 405 MW of Solar in Vietnam
Wind and solar company Mainstream Renewable Power has acquired an 80% stake in Vietnam’s Technology and Development Joint Stock Company (D&T), which has three solar projects with a combined 405 megawatts (MW) of generating capacity in Dak Nong province, central Vietnam. The three projects are listed in the Vietnam government’s power development plan VII (PDPVII) […]
EDPR Enters Vietnam With 28-MW Solar Buy
EDP Renovaveis SA (ELI:EDPR) has purchased a 28-MW solar plant in Vietnam from China’s Trina Solar Co Ltd (SHA: 688599). Portuguese energy giant EDP (ELI:EDP), which is the majority owner of EDPR, said on Wednesday that the completion of this acquisition has already occurred. Valued at USD 36 million (EUR 30.4m), the deal represents EDPR’s […]
Bangkok Container Glass Completes Vietnam Solar Plant Acquisition
Bangkok Container Glass (BCG) has completed the $41 million acquisition of a solar plant company. The Thai glass manufacturer completed the acquisition of 100% shares in Solar Power Management (Thailand), a company holding a 67% shareholding interest in Phu Khanh Solar Power Joint Stock Company. This organisation operates two solar power projects in Phu Yen […]
Mainstream to Buy Big Stake in Developer of 405 MW of Solar in Vietnam
Ireland-based Mainstream Renewable Power Ltd announced today that it has agreed to acquire an 80% stake in a company that is developing a 405-MW portfolioof solar projects in Vietnam. The agreement will see Mainstream take a strong position in Technology and Development Joint Stock Company Limited (D&T), boost its presence in Vietnam and help bring […]
Vietnam Denim Manufacturer Saitex Reveals Renderings For New Mill
Saitex, a Vietnam-based denim manufacturer, has revealed the final exterior renderings for its upcoming mill, scheduled to open in August 2021. Designed by Saitex in cooperation with the ACSC as Fidic Silver contractor, the mill is spread over total 100,000 square meter land and is located at Nhon Trach Industrial Zone, Dong Nai, Vietnam. The […]
Laos to Sell Vietnam Its Wind Power With Mitsubishi’s Help
Cross-border power-sharing is expected to increase in Southeast Asia TOKYO : Japanese trading conglomerate Mitsubishi Corp. will develop a massive onshore wind farm in Laos that will supply electricity to Vietnam. The facility will have power generation capacity of 600 megawatts, making it one of the largest onshore wind farms in Southeast Asia. The price […]
Vietnam Gives Nod to 500-MW Solar Project at HPP Site – Report
The Vietnamese province of Gia Lai, in the Central Highlands, has given the green light to the construction of a 500-MW floating and ground-mounted solar complex, the Vietnam News Agency (VNA) reported on Friday. The KN IaLy – Gia Lai photovoltaic (PV) scheme will entail total investment to the tune of VND 9.55 trillion (USD […]