Thai Phong Solar Power Plant is a 500MW solar PV power project. It is planned in Binh Thuan, Vietnam. The project is currently in announced stage. It will be developed in single phase. The project construction is likely to commence in 2022 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 | 500 | – | 500 | Announced | Binh Thuan, Vietnam | Pacific |
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Description
The project is being developed and currently owned by Pacific.
Thai Phong Solar Power Plant is a ground-mounted solar project.
The project cost is expected to be around $477.5m.
Development Status
The project construction is expected to commence from 2022. Subsequent to that it will enter into commercial operation by 2024.
About Pacific
Pacific Corp is an investment company that carries out engineering, procurement and construction (EPC) and real estate operations. The company’s key investment areas include construction and development of thermal, hydro, solar and wind power plants. It also invests in infrastructure projects, transportation, industrial manufacturing plants, auxiliary industries and industrial defense parks. Pacific Corp’s real estate investments include the development of residential and commercial buildings such as shopping malls, offices and resorts among others. It also provides consulting services for power projects. The company serves to the energy, mining, and government sectors among others. It has operations in Binh Thuan, Ha Noi and Hoa Binh provinces of Vietnam. Pacific Corp is headquartered in Ha Noi, Vietnam.
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.
