According to local sources, SolarPark Korea Co Ltd plans to build a 300 MW solar plant in Vietnam’s central province of Ha Tinh.
The project will have an estimated total investment of US$650 million.
The South Korean firm plans to build the plant on an area of 300 - 500 hectares of non-arable land in the province’s Thach Ha district. The project will be handed over to the province after 20 to 25 years of operation.
This would be the first energy production project in the province.
Nguyen Hong Linh, vice chairman of Ha Tinh People’s Committee, said at a working session with a delegation led by Solar Park Korea’s Chairman Hyunwoo Park that the provincial authorities will create favorable conditions for the Korean firm to proceed with the project.
According to the sources, SolarPark Korea plans to build three solar plants with a combined capacity of over 1,000 MW in Vietnam and Ha Tinh has been chosen to be the start point.
Earlier this month, local newspaper Dau Tu (Investment) said that UK-based investment firms GT & Associates and Marshall & Street Ltd are planning to nvest US$225 million into 150 MW of PV capacity in central Vietnam.