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January 7, 2022

Vinh Hao 6 Solar PV Park, Vietnam

By Carmen

Vinh Hao 6 Solar PV Park is a 50MW solar PV power project. It is located in Binh Thuan, Vietnam. The project is currently active. It has been developed in single phase. The project construction commenced in 2018 and subsequently entered into commercial operation in June 2019.

Project Type Total Capacity (MW) Active Capacity (MW) Pipeline Capacity (MW) Project Status Project Location Project Developer
Solar PV 50 50 Active Binh Thuan, Vietnam International Company for Water and Power Projects

Description

The project was developed by International Company for Water and Power Projects. The project is currently owned by ACWA Power Renewable Energy Holding with a stake of 60% and FECON Foundation Engineering & Underground Construction.

Vinh Hao 6 Solar PV Park is a ground-mounted solar project which is spread over an area of 60 hectares.

The project generates 83,000MWh of electricity. The project cost is $54m.

Development Status

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The project construction commenced in 2018 and subsequently entered into commercial operation in June 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

CHINT Group was selected to render EPC services for the solar PV power project.

The First National Operation & Maintenance is the O&M contractor for the solar PV power project.

About International Company for Water and Power Projects

International Company for Water and Power Projects (ACWA Power) is a developer, investor, and operator of power generation, renewable energy and desalinated water production plants. It supplies electricity and potable water to its customers in the region. It generates power through coal, thermal, oil, gas, solar and wind technologies. ACWA Power also offers operation and maintenance services to power and water desalination industry through its subsidiary, the First National Operations & Maintenance Company. The company has operations across the Middle East, Africa and Asia. ACWA Power is headquartered in Riyadh, Saudi Arabia.

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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