Major China-based PV manufacturer Risen Energy has secured a 50MW PV power plant through India’s Shapoorji Pallonji Group, a private infrastructure development company to be built Vietnam.
Risen Energy recently signed a contract with Surya Prakash Vietnam Energy Co, a subsidiary of Shapoorji Pallonji Group for the 50MW project, which is expected to be operational at the end of June 2019, with electricity supplied to EVN, the Vietnamese state grid.
The project is said to include 26MW of tracker based 72-cell multicrystalline modules with 360Wp power and 24MW using a fixed mount system. The plant is expected to generate an average annual power generation of 81,429MWh, according to the company.
Liu Dong, general manager of Risen Energy Vietnam, said, “Following an in-depth analysis of the Vietnamese market and an on-site investigation of the project, we selected the most comprehensive and best-performing power generation solutions given the project's particulars, including the tracking systems, with an eye to increasing the ROI, while positioning the facility to be one that can act as a demonstration model for future such tracking systems. As we look further down the road, we expect to work closely with high-quality companies, including Surya Prakash, delivering more professional and reliable PV power generation solutions to the market.”
The latest project contract some closely following Risen Energy’s announcement in late September of a contract signed with Vietnam-based Tasco to build a 61MW solar project in Ninh Thuan, Vietnam, also to be connected to the grid in 2019.
The company expects to reach around 160MW of total installation PV capacity in Vietnam in 2018.
Risen Energy is also planning to increase its PV power plant project business from 800MW in 2018 to 1.5GW in 2019.