Waaree, Viet Khanh sign MoU for 100MWp solar project in Vietnam

Facebook
Twitter
LinkedIn
Reddit
Email
With an investment of INR10,184 million (US$1.22 billion), the project involves EPC work on a turnkey basis. Image: Waaree Renewable Technologies via LinkedIn.
With an investment of INR10,184 million (US$1.22 billion), the project involves EPC work on a turnkey basis. Image: Waaree Renewable Technologies via LinkedIn.

Waaree Renewable Technologies – a subsidiary of Indian solar manufacturer Waaree Energies – has signed a memorandum of understanding (MoU) with Vietnamese investment joint stock company Viet Khanh to establish a 100MWp solar project in the region. 

With an investment of INR10.2 billion (US$1.22 billion), the project involves Engineering, Procurement, and Construction (EPC) work on a turnkey basis. Waaree will finalise the order value and execution timeline as part of a definitive agreement. 

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

“We are proud to announce that Waaree Renewable Technologies has signed a MoU with Viet Khanh Group, Vietnam for a 100MWp Solar EPC Turnkey Project, encompassing PV modules and transmission line infrastructure,” the company said in a post on LinkedIn. 

According to the firm, this strategic collaboration builds on the success of its 49.5MW project in 2019. Waaree Energies set up its offices in Vietnam in 2018, marking the beginning of its expansion into Southeast Asia. This was followed by the company securing its first project in the region – an EPC and module supply contract for a 60MW solar power plant in Khanh Hoa province, in collaboration with Song Giang Solar Power JSC. The plant was commissioned in May 2019. 

Waaree Energies currently boasts an annual nameplate capacity of 13.3GW for solar modules and 5.4GW for solar cells, operating across five advanced manufacturing facilities in India. 

In late 2023, Waaree announced its entry into the US market with a planned investment of up to US$1 billion, setting up a 3GW module manufacturing plant in Houston, Texas. As part of its long-term roadmap, the company aims to scale its American manufacturing capacity to 5GW annually by 2027. Most recently, Waaree Solar Americas, the company’s US subsidiary, signed an agreement to supply 599MW of solar modules to an undisclosed leading independent power producer (IPP).

Read Next

August 8, 2025
This week several solar developers have raised funds for projects around the world, including BRUC in Europe, Greenalia in the US, Qair in Mauritius and CREC in Philippines.
August 8, 2025
German renewable energy developer ib vogt has officially broken ground on a 99MWp solar PV power plant in South Cotabato, the Philippines.
August 7, 2025
US-based floating solar (FPV) developer D3Energy is constructing a 6MW floating solar system in Monroeville – a village in Huron County, Ohio. 
August 7, 2025
Infinity Power has signed two concession agreements with the Government of Côte d'Ivoire for PV projects with a total capacity of 80MWac.
Premium
August 7, 2025
July 2025, the peak of the Australian winter season, saw generation from utility-scale and rooftop solar increase by 12.78% year-on-year in the National Electricity Market (NEM).
August 7, 2025
Despite severe flooding in the Waiotahe Valley in New Zealand, Lodestone Energy has confirmed that its 42MW Te Herenga o Te Rā solar PV power plant has continued operations.

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