JV agreement worth US$ 200m signed for 250MW of rooftop solar projects in Vietnam

• SK Ecoplant, part of the South Korean empire SK Group, has actually authorized a US$ 200 million joint venture (JV) agreement with Vietnamese roof specialists Nami Solar for the development of 250MW of roof solar in Vietnam over the next four years.

The pair are targeting commercial units in Vietnam that desire low-priced renewable resource in order to be in line with Vietnam's climate goals, that include becoming carbon neutral by 2050.

Under the agreement, SK Ecoplant is accountable for registration, issuance, conversion, and sales of carbon discharge legal rights, while Nami Solar will take on business development, licensing, power purchase agreements (PPAs) as well as design, purchase as well as construction (EPC) work.

The JV's very first project, a 65MW roof system on the Sonadezi Industrial Complex situated in Dong Nai District, will begin building in February and will certainly come online in June, lasting for a period of two decades, SK Ecoplant claimed.

Following this, one 60MW-65MW project will be created yearly, totalling a capacity of 250MW after four years, said the business via a media release.

The two business created the JV-- 'Saturn Solar Energy'-- in August last year, with Nami Solar regulating a 51% stake.