Viet Nam solar power to be discussed at Future of Energy Summit

Published: November 28, 2017

The Ho Chi Minh City-based Bach Khoa Investment and Development of Solar Power Corporation (SolarBK Group) will be the only Vietnamese business participating in the Future of Energy Summit which is organised by Bloomberg New Energy Finance, in Shanghai, China from 28-29 November.

A solar power plant launched on the islet of An Bình of Lý Sơn Island, off the coast of Quảng Ngãi Province. — VNS Photo Nguyễn Ngân Read more at http://vietnamnews.vn/society/418330/viet-nam-solar-power-to-be-discussed-at-future-of-energy-summit.html#P8AqFqirRWLGPVFR.99
A solar power plant launched on the islet of An Binh of the Ly Son Islands, off the coast of Quang Ngai Province. — VNS Photo Nguyen Ngan

Mr Nguyen Duong Tuan, Founder and CEO of SolarBK Group, said he would join a panel discussion themed "Viet Nam’s Energy: Growth and Opportunities”, at the 2-day event.

Tuan said SolarBK has recently been awarded a license for the first ‘all-Vietnamese’ utility scale solar project in Da Nang, with a capacity of 4.4MW, and commissioned a number of rooftop projects in Viet Nam.

“We’ll join discussions on the opportunity for rooftop scale projects in Viet Nam, and the challenge of low retail tariffs while proposing such projects.  We will also raise concerns on the management of credit risk, dispatch risk, as well as financing sources for projects,” Tuan said.

He said the World Bank and the Ministry of Industry and Trade (MoIT) of Viet Nam will implement a pilot programme to auction solar power with a floor price of 0.0935 US$ per KWh.  The intention is to accelerate the development of registered projects, whilst simultaneously attracting new investment.

SolarBK Group also launched a solar-powered lighting system and solar powered sea-water filtration system on Viet Nam’s Truong Sa (Spratly) Islands and Song Tu Tay Island off the coast of Khanh Hoa Province in 2014, and An Binh Islet of Ly Son Island in Quang Ngai Province. 

In October, IREX Energy Joint Stock Company, a member of SolarBK Group, received orders for providing a One-Stop-Shop package, including solar power cells, panels, installation, a smart monitoring system (Solar System Operation Centre), and guarantees for customers in North America with total capacity of 300MWp (photo-voltaic cells).

The company has been developing solar-powered water heaters, wind power turbines, solar power-driven sea water filter systems and renewable use solutions.

Since April this year, with the issuance of Prime Minister Nguyen Xuan Phuc’s Decision 11/2017, solar power projects have been allowed to sell electricity at a fixed price of 0.0935/kWh US$.

(Source: VNS/ DA NANG Today)