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January 5, 2022

Gelex Solar PV Park, Vietnam

By Carmen

Gelex Solar PV Park is a 50MW solar PV power project. It is located in Ninh Thuan, Vietnam. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in July 2019.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 50 50 Active Ninh Thuan, Vietnam Gelex Energy; Power Solution Technologies

Description

The project was developed by Gelex Energy and Power Solution Technologies. The project is currently owned by Gelex Energy with a stake of 100%.

Gelex Solar PV Park is a ground-mounted solar project which is spread over an area of 70 hectares.

The project generates 82,000MWh of electricity. The project cost is $56.684m.

Development Status

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The project got commissioned in July 2019.

Power Purchase Agreement

The power generated from the project is sold to Vietnam Electricity under a power purchase agreement. The power is sold at the rate of $0.093kWh for a period of 20.00 years, starting from 2019.

Contractors Involved

The inverters were procured from SMA Solar Technology for the project.

About Power Solution Technologies

Power Solution Technologies Plc (PST) is an energy company that offers solar products, technology systems, products and services. The company operates through its business divisions such as power and energy, and power producers. Its power and energy division generates datacenter infrastructure solutions including uninterpretable power supply. PST’s power producers division offers wind power plant, solar power plant, biogas power plant, biomass power plant, and municipal solid waste. Its uninterruptible power supplies products comprise single phase true online double conversion, three phase true online double conversion, line interactive UPS, software management and UPS accessories. The company offers engineering, procurement and construction services to renewable energy power plant, and serves telecommunication sector. PST is headquartered in Bangkok, Thailand.

Methodology

All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.

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