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January 12, 2022

Hong Phong 4 Solar PV Park, Vietnam

By Carmen

Hong Phong 4 Solar PV Park is a 48MW solar PV power project. It is located in Binh Thuan, Vietnam. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in May 2019.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 48 48 Active Binh Thuan, Vietnam

Description

The project is currently owned by Ha Do Group.

Hong Phong 4 Solar PV Park is a ground-mounted solar project which is spread over an area of 58.1 hectares.

The project generates 92,000MWh electricity and supplies enough clean energy to power 46,040 households, offsetting 62,700t of carbon dioxide emissions (CO2) a year. The project cost is $55m.

Development Status

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The project got commissioned in May 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

SunPower was selected as the supplier of the PV modules for the project. The company provided 123,200 modules each with 390W of nameplate capacity.

SMA Solar Technology supplied 18 inverters to the project site.

The project is utilising horizontal single axis trackers supplied by IdeemaTec Deutschland.

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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