Vietnam’s final solar power purchase agreement (PPA) has to a large extent ignored recommended changes from a group of international Chambers of Commerce and therefore its attractiveness to foreign investors remains in doubt, according to representatives from law and finance sectors.
Dr. Nguyen Tuan, director at the Renewable Energy Centre, Institute of Energy, Ministry of Industry and Trade (MOIT), Vietnam, discusses the current state of play for solar in Vietnam.
Mitsui & Co., a major Japanese industrial conglomerate, has formed a Joint Venture (JV) with leading India mini-grid developer OMC Power to expand their mini-grid business into Africa. The new JV is part of a ¥1 billion (US$9 million) equity investment by Mitsui in OMC Power.
Solar FlexRack is to supply trackers to a 7MW Vermont solar project, Key Equipment Finance is supporting Boviet Renewable Power for a 1.75MW Georgia solar project, Coronal Energy and CVEC partner on Virginia solar.
The European Commission has approved replacing the current Minimum Import Price (MIP) for module imports from China with a new reduced price on a sliding scale mechanism, despite receiving almost negligible support from member states.
Canada-based Investment firm Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) and developer CarbonFree Technology have agreed to acquire 15 ground-mount solar PV projects currently under construction in Chile with a combined capacity of 65MW from an unnamed developer.
Renewable energy developers SkyPower and Renew Power are involved in legal disputes with the distribution company (Discom) of the Indian state of Madhya Pradesh over solar project deadlines and PPAs, while SkyPower has also claimed to have successfully brought into operation its first ever project in the state.
