Vasari Energy bids to build and operate 4 new solar projects in Vietnam

Vasari Energy eyes Vietnam’s solar energy market planning to build and operate four new projects over the next two years. Construction of  two land-based and two floating solar plants, each generating between 40 and 50 megawatts of power, for a total solar energy generation capacity of between 180 and 200 megawatts of power are on the cards.

The plan is followed by the execution of a long- predicted feed-in-tariff (FiT) program, which guarantees that electricity generated through these operations will be purchased by the Vietnam Electricity Corporation (EVN) that is alleged to be the lone utility operator in Vietnam set to purchase and distribute all energy generated in the country with effect from June, 2019. Once the initial project approvals are granted, the power purchase agreements issued by Vietnam’s Ministry of Industry and Trade will be valid for 20 years.

Image Source: Vasari Energy