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Việt Nam News: Việt Nam solar power to be discussed at Future of Energy Summit

A solar power plant launched on the islet of An Bình of Lý Sơn Island, off the coast of Quảng Ngãi Province.

The Bách Khoa Investment and Development of Solar Power Corporation (SolarBK Group) will be the only Vietnamese business participating in the Future of Energy Summit, organised by Bloomberg New Energy Finance, in Shanghai, China on November 28-29.

Nguyễn Dương Tuấn, founder and CEO of SolarBK Group, said he would join a panel discussion themed “Việt Nam’s Energy: Growth and Opportunities”, at the two-day meeting.

Tuấn said SolarBK has recently been awarded a license for the first ‘all-Vietnamese’ utility scale solar project in Đà Nẵng, with a capacity of 4.4MW, and commissioned a number of rooftop projects in Việt Nam.

“We’ll join discussions on the opportunity for rooftop scale projects in Việt Nam and the challenge of low retail tariffs while proposing such projects. We will also raise concerns on the management of credit risk, dispatch risk, as well as financing sources for projects,” Tuấn said.

He said the World Bank and the Ministry of Industry and Trade (MoIT) of Việt Nam will implement a pilot programme to auction solar power with a floor price of US$0.0935 per KWh, with an aim at accelerating the development of registered projects, while simultaneously luring in more new investment capital.

The HCM City-based group also launched a solar-powered lighting system and solar powered sea-water filtration system on Việt Nam’s Trường Sa (Spratly) Islands and Song Tử Tây Island off the coast of Khánh Hỏa Province in 2014, and An Bình Islet of Lý Sơn Island in Quảng Ngãi Province.

In October, IREX Energy Joint Stock Company, a member of SolarBK Group, received orders for providing a One-Stop-Shop package, including solar power cells, panels, installation, a smart monitoring system (Solar System Operation Centre) and guarantees for customers in North America with total capacity of 300MWp (photo-voltaic cells).

The company has been developing solar-powered water heaters, wind power turbines, solar power-driven sea water filter systems and renewable use solutions.

Since April this year, with the issuance of Prime Minister Nguyễn Xuân Phúc’s Decision 11/2017, solar power projects have been allowed to sell electricity at a fixed price of US$0.0935/kWh.