During a recent groundbreaking ceremoney, Sunseap International which is a unit of Singapore’s leading clean energy provider Sunseap Group has started the construction of US$150 million solar farm in Vietnam. This solar power plant will be spread across 186 hectares of land and is going to be the Vietnam’s largest solar farm to-date. The project is located at Ninh Thuan province on Vietnam’s south-central coast.
According to a recent press release from Sunseap, the 168 megawatt solar farm is the first solar power plant project in Vietnam which is led by a Singaporean company and it is also the largest cooperation between Singapore and Vietnam.
It is expected that the solar power plant will be operational by June 2019 and once completed, it will generate enough renewable energy to power up 200,000 homes and it will also create permanent jobs for 200 local workers.
Sunseap in partnership with its joint venture partners InfraCo Asia (an infrastructure development and investment company of the Private Infrastructure Development Group) and CMX Renewable Energy Canada Inc (a solar developer based in Canada) will sell the power generated through this project to Vietnam’s national grid with feed-in tariff of 9.35 US cents/kilowatt hour. The power will be supplied for the next 20 years.
Credits: Sunseap Press Release