Vietnam province to build 30MW solar PV plant

Facebook
Twitter
LinkedIn
Reddit
Email
The large-scale PV plant brings Vietnam one step closer to its aim of generating 10% of electricity from renewable energy sources by 2030. Source: Flickr/guido da rozze

Vietnam is set to build a brand new 30MW solar PV plant in the north-central province of Thanh Hoa.

The plant is being developed as a joint venture between local energy companies Song La Energy JSC and Song Lam Investment & Construction and is being entirely domestically-funded, with a total investment of VND800 billion (US$35 million). Son La Energy JSC’s Sinh Tien Tran told PV Tech that the companies are still in the process of selecting banks to finance the project.

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

However, the two firms will directly finance 30% (VND242 billion) (US$10.6 million) of the cost, while the remaining 70% will be covered by commercial banks.

Song La Energy JSC told PV Tech that construction is expected to start in Q4 2017 with commercial operation anticipated for Q4 2018. The project will be located on 650,000 square meters of land in the Yen Dinh District, around 160km south of Hanoi.

The plant will also be comprised of 90,640 c-Si polysilicon modules, which Song La Energy said it selected for their popularity in the international market, as well as their competitive purchase and installation price, durability and low annual generation attenuation. 

Vietnam’s solar market

The large-scale PV plant brings Vietnam one step closer to its aim of generating 10% of electricity from renewable energy sources by 2030. Local authorities have stated that the country’s burgeoning renewable energy market is generating a profit for investors as they join Vietnam’s push towards clean energy.

“During operation, the output generated by the farm shall be a clean significant power addition to power demand of Thanh Hoa province in particular and the surrounding area in general. The farm construction is in accordance with government orientation of clean power development and has a part in reduction of pollution, carbon emission caused by fossil fuels,” said Sinh Tran Tien.

The country's electricity demand is expected to grow 13% annually over the next four years.

Vietnam also recently confirmed its long-awaited feed-in tariff (FiT) scheme which will open 1 June 2017 to 30 June 2019.

“The country's feed-in tariff regime plays an important role as leverage for solar development to take full advantage of Vietnam's solar potential,” added Tien.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 30, 2025
Australian module manufacturer Tindo Solar has secured a 30MW solar module supply agreement to power Australia's first "net zero pipeline”.
June 27, 2025
Indian solar manufacturer Premier Energies has commissioned its 1.2GW TOPCon solar cell manufacturing line at Fab City, Hyderabad, Telangana.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
June 27, 2025
Statkraft has signed PPAs with Better Energy to purchase energy from two solar power plants in Poland with a total capacity of 64GWh.
June 27, 2025
Solar developer Lightsource bp has signed a power purchase agreement (PPA) with a subsidiary of Taiwanese energy firm HD Renewable Energy (HDRE).

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico