Sharp targets Vietnam solar developments with new JV

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Officials from Sharp and NSN celebrate the JV signing. Image: Sharp.

Sharp Energy Solutions has placed Vietnam’s solar market firmly in its crosshairs with the establishment of a new development JV.

Today Sharp Energy Solutions announced the signing of a joint venture agreement with local firm NSN Construction and Engineering. That deal will see Sharp take on 60% of outstanding shares in NSN Energy Solution, a renewables developer established by NSN in March this year.

That entity will rename itself as Sharp NSN Energy Solution and establish itself as an EPC targeting the flourishing Vietnamese solar market.

Sharp said the deal would reinforce its handling of solar construction in the country, building on its existing EPC presence while also strengthening its capabilities in the rooftop solar market.

Vietnam has been one of the must-watch solar markets of 2019 and recent estimates by WoodMac supposed that as much as 5.5GW could be brought forward by the end of the calendar year, cementing it atop Southeast Asia’s PV ranks.

There could be trouble ahead, however. Late last month it emerged that a second-round solar feed-in tariffs in the country could be cut short in favour of an auction model, with prime minister Nguyen Xuan Phuc taking issue with how his Ministry of Industry and Trade had handled the roll-out programme.

This could result in FiTs for future projects being withdrawn unless projects had already signed a power purchase agreement and can finish build-out next year.  

Read Next

April 12, 2021
The April 2021 episode of the Solar Media Podcast, sponsored by Honeywell, is now available to stream, featuring lessons from Asia on how to push floating solar forward.
PV Tech Premium
March 30, 2021
In exclusive analysis for PV Tech Premium subscribers, Mark Osborne scrutinises JA Solar's plans to have 40GW of module assembly capacity by the end of this year, and how it reached that capacity.
March 17, 2021
Feed-in tariffs for new solar installations in Vietnam to fall by more than 30% following roaring success of FIT2 scheme.
PV Tech Premium
March 17, 2021
Vietnam experienced enormous growth in solar deployments in 2020, with as much as 9GW being installed as the successful FIT policy drew to a close. Edgar Gunther explores how that policy came to be so successful, and what the future holds for solar PV in Vietnam.
March 2, 2021
A round-up of solar news from across the United States, including updates from EDF Renewables, utility group Exelon and UK-based investor SDLC.
PV Tech Premium
February 18, 2021
Solar assets in Texas have continued to generate despite the weather, but policy remains a hurdle to them aiding the grid

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Upcoming Webinars
April 28, 2021
4:00 - 4:30 PM CET