JinkoSolar plans 40MW solar project in Vietnam

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The project will only proceed upon announcement of Feed-in-Tariff (FiT) program in Vietnam. Flickr: JinkoSolar

‘Silicon Module Super League’ (SMSL) member JinkoSolar plans to build a 40MW solar PV plant in Vietnam, a company spokesperson has confirmed.

The project will be located across 50 hectares in Phung Hiep district’s Hoa An commune in the Mekong Delta province.

The spokesperson told PV Tech: ”It’s still an early stage project although we have received approval from the provincial government on the investment. The project will only proceed upon announcement of Feed-in-Tariff (FiT) program in Vietnam.”

Reports surfaced this Autumn on the Vietnam government preparing legislation around subsidies for solar, having released a draft in 2015 and developing this further in the first half of the current year.

These reports suggest that the FiT will be set at US$0.112/kWh for utility-scale grid-connected PV projects. Meanwhile rooftop solar will receive net metering credits of between US$0.15-0.18/kWh.

Electricity Vietnam (EVN), the monopoly holding utility in Vietnam, will purchase all the power form such projects.

Back in July, JinkoSolar signed its first power purchase agreements (PPAs) for solar PV projects outside China with 188MW of capacity ready to develop in Mexico.

Solar & Off-Grid Renewables Southeast Asia 2016 returns for a fourth year in November. This is the distinguished, must-attend event for solar PV companies looking to secure profitable business across the booming Southeast Asian market. Co-location with our established Solar Finance & Investment conference provides an additional day of bespoke content and offers a deeper dive into issues around clean energy financing and long term capital investments across the region. Click here for more information and to register.

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