Sharp Energy Solutions finishes 50MW solar project in Vietnam

• Sharp Energy Solutions has actually finalised its most recent PV project in Vietnam, taking its overall installed solar capability in the nation to 340MWdc. Located in Binh Dinh province, the 50MWdc setup will have a power generation capacity of 82,506 MWh/year.

Growth of the project was accomplished together with Viet Nam Viet Renewable Energy Joint Stock Company, which will oversee operations, in addition to NSN Construction and also Engineering, the co-owner of the facility.

Its conclusion follows Sharp Energy Solutions formed a joint venture with NSN Construction and Engineering last year, a deal that saw the Japanese firm take on 60% of superior shares in renewables designer NSN Energy Solution.

Sharp Energy Solutions stated it "continues to be committed" to increasing renewable energy capability in Vietnam by leveraging the knowledge it has acquired from developing other projects internationally.

After total mounted solar PV ability increased from 134MW in 2018 to an approximated 5.5 GW in 2019, many thanks partly to feed-in tariffs, Vietnam's government introduced plans earlier this year to ensure renewable resource accounts for a 15-20% share of the country's energy mix by 2030.

According to a current report from Fitch Solutions, Vietnam's government "continues to be very dedicated" to enhancing the nation's renewables growth. Driven by a helpful governing setting as well as enhanced investor self-confidence, the consultancy forecasts greater than 17GW of non-hydro renewables ability added in Vietnam by 2029.

The country is due to publish a brand-new National Power Development Plan 2021-2030 in March following year, which is anticipated to have actually a boosted focus on clean energy.