Natcore's 200 MW Vietnam PV project receives Government approvals
Post date: 10/01/2017 - 21:58
US thin-film technology and R&D company Natcore Technology Inc. received approvals by Vietnamese Government and the Province People's Committee for the development of solar energy projects worth about $300 million in Vietnam's Binh Thuan Province. Next step will be the confirmation by state owned power company Vietnam Electricity (EVN) and by the Ministry of Industry and Trade (MOIT).
The plans to build the 200 MW PV project were first announced in August 2016 (as reported). The facility will be completed in several phases. By developing the project in tranches, Natcore and its partners will be able to generate revenue before the entire project is completed.
Under the terms of the agreement, Natcore would design, develop, implement and bring the solar plants to the turnkey phase. Furthermore, to serve as supplier of the project, select suppliers and EPC company and serve as project manager. This project is an outgrowth of Natcore's »Best of Breed« program, under which the company functions as a consultant. The company has already received offer from suppliers of several components and services, including modules, inverters, EPC and electrical substation.
Natcore has already completed a feasibility study for a preliminary solar system of 56.18 MW. The company is working on the project with an unnamed European developer of international renewable energy projects and a Vietnamese consortium. A holding company will be formed to develop the project.