Sharp Energy Solutions completes 50MW solar project in Vietnam

Facebook
Twitter
LinkedIn
Reddit
Email
A previous project completed by Sharp in Vietnam’s Quang Ngai province. Image: Sharp.

Sharp Energy Solutions has finalised its latest PV project in Vietnam, taking its total installed solar capacity in the country to 340MWdc. Located in Binh Dinh province, the 50MWdc installation will have a power generation capacity of 82,506MWh/year.

Development of the project was carried out alongside Viet Nam Viet Renewable Energy Joint Stock Company, which will oversee operations, as well as NSN Construction and Engineering, the co-owner of the facility.

Its completion comes after Sharp Energy Solutions formed a joint venture with NSN Construction and Engineering last year, a deal that saw the Japanese firm take on 60% of outstanding shares in renewables developer NSN Energy Solution.

Sharp Energy Solutions said it “remains committed” to increasing renewable energy capacity in Vietnam by leveraging the knowledge it has gained from developing other projects globally.

After total installed solar PV capacity increased from 134MW in 2018 to an estimated 5.5GW in 2019, thanks in part to feed-in tariffs, Vietnam’s government announced plans earlier this year to ensure renewable energy accounts for a 15-20% share of the country’s energy mix by 2030.

According to a recent report from Fitch Solutions, Vietnam’s government “remains highly committed” to boosting the country’s renewables growth. Driven by a supportive regulatory environment and increased investor confidence, the consultancy forecasts more than 17GW of non-hydro renewables capacity added in Vietnam by 2029.

The country is due to publish a new National Power Development Plan 2021-2030 in March next year, which is expected to have an increased focus on clean energy.

Read Next

September 23, 2022
Solar accounted for half of all global power generating capacity added last year, with 182GW deployed, a 25% increase on 2020, according to a report from BloombergNEF (BNEF).
September 15, 2022
The Association of Southeast Asian Nations (ASEAN) will deploy 241GW of solar PV by 2030, with the technology dominating new capacity additions.
May 10, 2022
Chinese inverter manufacturer KSTAR is set to complete construction of its first Vietnam manufacturing facility next month.
April 28, 2022
Investment firm KKR has launched Aster Renewable Energy, a renewable platform aimed to develop, build and operate solar, wind and energy storage projects in Southeast Asia.
April 27, 2022
Vietnam has cut its 2030 power capacity target by 35GW under its newly agreed upon draft Power Master Plan VIII (PMP8) but is making more room for renewables as it seeks to reduce its reliance on coal.
April 4, 2022
Solar developer ib vogt is partnering with the energy platform of Philippine conglomerate Ayala to develop large-scale PV projects in the Asia-Pacific region.

Subscribe to Newsletter

Upcoming Events

On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)
Solar Media Events
November 29, 2022
Malaga, Spain