By the end of June, Vietnam will have 88 solar projects connected to the grid

Vietnam's State Electric Power Company (EVN) has accelerated the completion of 61 solar power projects, and by the end of June 2019, a total of 88 solar power projects could be connected to the national grid
.

As of April 23, 2019, only four solar power projects in Vietnam had started commercial operation, and by May 17, 2019, this number rose to 27.

In addition, an additional 61 solar power projects that will come on stream in June are expected to generate a total capacity
of 2,000 MW.

EVN said that with the addition of 88 solar power projects to the national grid, the total generation capacity of renewable energy (wind and solar) power generation projects in the country is about 4,000 megawatts
.

According to the Vietnamese government, projects connected to the national grid between June 1, 2017 and June 30, 2019 will be eligible to sell electricity
to EVN at a price of $0.
093/kWh.

Renewable energy power generation projects are mainly located in southern and south-central Vietnam
.
Renewable energy is helping EVN ease the pressure to supply electricity to the southern region, the country's main economic hub
.

Mercom reported earlier on Thailand's B.
Grimm Power has signed a power purchase agreement with Vietnam Power involving a total of 257 MW of solar projects
in the country's Phu Yen province.
The feed-in tariff (FiT) of the PPA agreement is $0.
0935/kWh for a period of 20 years
.
The scheduled commercial operation date of the project is expected to be by
June 30, 2019.

In July 2018, B.
Grimm Power signed a cooperation agreement
with Xuan Vuk, Vietnam for the development of a 420 MW solar photovoltaic project located in Tay Ninh, southwest Vietnam.
At present, Vietnam has become an important destination
for companies seeking new markets to invest in renewable energy.