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  1. Market Data
November 24, 2021

Loc Ninh Solar PV Park, Vietnam

By Carmen

Loc Ninh Solar PV Park is a 350MW solar PV power project. It is located in Binh Phuoc, Vietnam. The project is currently active. It has been developed in single phase. Post completion of construction, the project got commissioned in March 2021.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 350 350 Active Binh Phuoc, Vietnam

Description

Loc Ninh Solar PV Park is a ground-mounted solar project.

The project generates 700,000MWh of electricity. The project cost is $555.674m.

Development Status

The project got commissioned in March 2021.

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 $0.071kWh for a period of 20 years.

Contractors Involved

PowerChina Zhongnan Engineering was selected to render EPC services for the solar PV power project.

The inverters were procured from Sungrow Power Supply for the project.

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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