Notably, the renewable energy segment is a relatively new growth driver for Sao Mai–Sao Mai only started investing in renewable energy in 2017 when it established Sao Mai Solar. Currently, the firm operates the An Hao Solar Power Plant with a 210-megawatt peak capacity and Europlast Long An Solar Power Plant with a 50-megawatt peak capacity. These projects contribute about 5 percent of Sao Mai’s revenue, however, they account for 20 percent of the firm’s gross profit…

Vietnam solar production slows on end to antidumping moratorium

the-shiv June 11, 2024

Of note, Trina Solar, in November of last year, announced it would almost doubled its investment in Vietnam bringing the total invested to nearly US$900 million. It also said, around the same time, that it believes its solar panels should be exempt from the US tariffs on the ground that its polysilicon comes from the US and Europe. With this in mind, it’s not clear what might happen to the additional investment Trina Solar announced last year…

Vietnam solar project struggles after project approval breaches

the-shiv April 30, 2024

A power generator in Southern Vietnam has reported that key infrastructure projects it is working on are at risk of being delayed as a result of the state power provider, EVN, failing to pay for the power it has provided, VN Express is reporting. The problem appears to have been

This explanation for no feed-in tariffs on excess rooftop solar

the-shiv April 25, 2024

There has been some debate as to whether or not rooftop solar projects should receive feed-in tariffs for excess power they feed to the grid. The Ministry of Industry and Trade is against it essentially arguing that if there are feed-in tariffs people will add rooftop solar in order to

Vietnam’s MoIT backflips on removal of feed-in tariffs for rooftop solar

the-shiv April 11, 2024

In December, Vietnam’s Ministry of Industry and Trade–the MoIT–circulated a dossier that suggested a draft decree on rooftop solar should have no feed-in-tariffs. However, it has now been reported by Zing News that there has been a reversal of this position with a ‘time-based’ price suggested though it’s not made

Vienam’s PDP7 assessment finds solar overdeveloped, grid underprepared

the-shiv December 26, 2023

A report into the implementation of Vietnam’s Power Development Plan 7 has found that solar power development between 2016 and 2020 went well above what was planned, Vietnam News is reporting. Key takeaways: The PDP7 set out a plan to develop 850 MW of solar power by 2020; However, a

Japanese firm opens solar cell factory in northern Vietnam

the-shiv November 29, 2023

A subsidiary of Japan’s Vsun Solar has inaugurated a US$200 million factory in Phu Tho in northern Vietnam, The Investor is reporting. Covering 13 hectares the project will reportedly employ 700 people when it reaches peak capacity.

Singapore firm to add 245 MW in Vietnam renewable energy to portfolio

the-shiv November 13, 2023

Singapore’s Sembcorp Industries has said it intends to spend US$160.3 million on renewable energy assets in Vietnam, The Investor is reporting. This will include wind, solar, and hydro power purchased from local investment firm Gelex.

Chinese solar firm to increase Vietnam investment almost two-fold

the-shiv November 7, 2023

Trina Solar, a Chinese solar panel manufacturer is to increase its investment in Vietnam by US$420 million dollars bringing its total investment in the country to US$900 million, Tuoi Tre is reporting. Of note, solar panels exported from China to the US are subject to antidumping duty (ADD) and countervailing

Chinese solar cell maker to build new factory in northern Vietnam

the-shiv October 26, 2023

China’s Boway intends to build a 20-hectare, US$114 million solar cell factory in northern Vietnam’s Hai Duong province, The investor is reporting. This is part of a number of major investments in its manufacturing operations across northern Vietnam. All-up it reportedly has plans to invest US$350 million Hai Dunong alone.

Chinese solar factory starts operating in northern Vietnam

the-shiv October 26, 2023

China’s Jingko Solar has started operating a new US$709 million factory in Vietnam’s northern province of Quang Ninh, The Investor is reporting. The new 31.3-hectare factory is expected to employ 4,500 workers when fully operational and generate revenue of US$4.07 billion annually.