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  1. Market Data
January 13, 2022

Song Luy 1 Solar PV Park, Vietnam

By Carmen

Song Luy 1 Solar PV Park is a 46.78MW 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 2019.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 46.78 46.78 Active Binh Thuan, Vietnam Binh Thuan Solar Power Investment Joint Stock

Description

The project was developed by Binh Thuan Solar Power Investment Joint Stock. The project is currently owned by Parabolic Solar Power with a stake of 83.33% and Binh Thuan Solar Power Investment Joint Stock.

Song Luy 1 Solar PV Park is a ground-mounted solar project which is spread over an area of 45.5 hectares.

The project generates 80,000MWh of electricity. The project cost is $38.4m.

The project consists of 130,000 modules, each with 365W nameplate capacity.

Development Status

The project got commissioned in 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 years. The contracted capacity is 39MW.

Contractors Involved

Hyundai Engineering & Construction was selected to render EPC services for the solar PV power 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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