Spanish-Japanese company Univergy International has launched a joint venture with a couple of partners to develop the 44.4-MW Truc Son solar photovoltaic (PV) project in Dak Nong, Cu Jut district, Vietnam.
Univergy has teamed up with Europe Clean Energies Japan and local company Thanh Nien Media Corporation after the Popular Committee of the highland province of Dak Nong cleared the USD-48.4-million (EUR 39m) project.
The plan is to build the solar park on a surface of 51 hectares and have it up and running from June 2019. It will be generating 76 MWh of electricity per year. The project is expected to benefit from tax preference offered by the local Popular Committee.
Vietnam has set a 2030 goal of sourcing 32% of the energy consumed from renewables after cancelling its nuclear plan.
(USD 1.0 = EUR 0.808)
- Renewables Now