Loc Ninh 3 Solar PV Park is a 150MW solar PV power project. It is planned in Binh Phuoc, Vietnam. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2024.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 150 | – | 150 | Permitting | Binh Phuoc, Vietnam | Hung Hai Group |
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Description
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The project is being developed by Hung Hai Group and is currently owned by Super Energy with a stake of 100%.
Loc Ninh 3 Solar PV Park is a ground-mounted solar project.
The project cost is expected to be around $238.146m.
Development Status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2024.
Power Purchase Agreement
The power generated from the project will be sold to Vietnam Electricity under a power purchase agreement. The power will be sold at the rate of $0.07kWh for a period of 20 years.
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.
