Sao Mai Group signs PPA for 210MW solar project in Vietnam

Facebook
Twitter
LinkedIn
Reddit
Email
HD Bank and Sao Mai Group will work together on the first phase of 104MW. Credit: Sao Mai Group

Vietnamese conglomerate Sao Mai Group has signed an agreement with local financier HD Bank to jointly work on a 210MW solar PV project in Vietnam.

The Sao Mai Solar PV1 project, to be located in An Hao commune, Tri Ton district, An Giang province, will be spread over 275 hectares on the border of Cambodia and requires an investment of VND5,600 billion (~US$242 million). It will be completed in four phases up to 2020.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

According to a Sao Mai Group release, the project will be combined with cultivation of high-tech agricultural products for export and the plant will also be developed into a tourist attraction.

HD Bank and Sao Mai Group will work together on the first phase of 104MW to start generating electricity before the feed-in tariff (FiT) deadline of 30 June 2019.

Sao Mai Group has also signed a power purchase agreement (PPA) with Vietnam Electricity Group, the National Electricity Regulatory Center, Electricity Trading Company and Southern Power Corporation with a tariff of US$9.35 cents/kWh. 

Sao Mai has nearly 10,000 employees working in 16 member companies in Vietnam. In recent years, the Group has expanded its operations to the US, Japan, China and South Korea.

Solar Media's recent edition of PV Tech Power featured an in-depth analysis of Vietnam's mysterious solar market.

Read Next

July 30, 2025
The Government of Kyrgyzstan has signed two investment deals with Vietnamese firms Rox Energy Global and RECA LLC for the development of a 1.9GW solar project.
June 24, 2025
Waaree Renewable Technologies has signed an MoU with Viet Khanh to establish a 100MWp solar project in the region. 
June 5, 2025
Singapore could sit at the “core” of new regional electricity grids in Southeast Asia, according to research from Rystad Energy.
April 3, 2025
US President Donald Trump has announced sweeping global tariffs on imports to the US, which have heavily impacted major solar PV manufacturing regions.
March 4, 2025
Thin-film solar manufacturer First Solar has decided to reduce its module production output in Malaysia and Vietnam for a combined 1GW in 2025.
January 31, 2025
JA Solar has unveiled its DeepBlue 5.0 series of modules, its latest n-type tunnel oxide passivated contact (TOPCon) product.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines