Binh Thuan province “opens the door” to welcome the investors of renewable energy

Binh Thuan province “opens the door” to welcome the investors of renewable energy - 

Speaking at the working meeting with Chinese Sungrow Power group, Mr. Luong Van Hai, Vice Chairman of Binh Thuan Provincial People’s Committee (PPC) said, this province always “opens the door” for capable and financially viable partners to invest in wind and solar power projects in the province.

According to the introduction, Group Sungrow Power is currently listed on the Chinese stock market with a capitalization value of up to $ 4 billion and annual profit of $ 3 billion. In 2016 and 2017 the group has implemented solar power projects with a total capacity of 700 MW and 1500 MW, respectively.

Before Binh Thuan, Sungrow Power already worked with Dong Nai Vinh Hung Company Limited on cooperation to convert 190 ha of inefficient forestation land to investment in a solar power project with a capacity of 100 MW in Dong Nai province.

Binh Thuan is considered a province with a highest in Vietnam potential of solar energy. According to the Binh Thuan Solar Power Development Planning, the total potential capacity of the solar power in the province is more than 5300 MW.

The Planning also expects to reach nearly 828 MW (1.270 GWh) by 2020; 2642 MW (4.055 GWh) by 2025 and 4520 MW (6.936 GWh) by 2030.

Up to now, in the province there are 6 solar power projects (with a total capacity of 380 MW) having been issued the investment policy by PPC, 2 projects (247.5 MW) supplemented to the Planning and 6 projects (185 MW) established additional planning for approval of PPC and Ministry of Industry and Trade.

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