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

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

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

Subscribe to Newsletter

Upcoming Events

Solar Media Events
February 28, 2024
Seattle, USA
Solar Media Events, Industry Events
March 12, 2024
Frankfurt, Germany
Upcoming Webinars
March 13, 2024
9am EDT / 1pm GMT / 2pm CET
Solar Media Events
March 19, 2024
Texas, USA