JinkoSolar plans 40 MW solar park in Vietnam

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JinkoSolar plans 40 MW solar park in Vietnam

Chinese firm JinkoSolar Holding has plans to build 40 MW photovoltaic (PV) project in Vietnam’s Hau Giang province.

The project will be located across 50 hectares in Phung Hiep district’s Hoa An commune in the Mekong Delta province. The total project investment amounts VND1.2 trillion (US$54 million). Construction works are expected to start in 2017.

According to sources, the project has received approval from the provincial government on the investment and it will only proceed upon announcement of Feed-in-Tariff (FiT) program in Vietnam

Electricity Vietnam (EVN), the monopoly holding utility in the country, will purchase all the power form the projects.

In August, we reported that JinkoSolar signed its first power purchase agreements (PPAs) for solar projects outside China. The company signed three PPAs with Mexico’s Federal Electricity Commission (Comisión Federal de Electricidad or CFE) for three projects totaling 188 MW.

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