Sunseap International, a unit of Singapore’s clean energy provider Sunseap Group, has started construction of its $150 million solar farm in Vietnam.
Sunseap’s 168-megawatt solar farm is also the largest solar collaboration between Singapore and Vietnam and the first solar project in Vietnam led by a Singaporean company. The farm is expected to reach commercial operation by June 2019, and once completed it will generate enough electricity to power up to 200,000 households in Vietnam and create permanent jobs for more than 200 local workers.
Sunseap, together with its joint-venture partners InfraCo Asia, an infrastructure development and investment company of the Private Infrastructure Development Group, and CMX Renewable Energy Canada Inc., a solar developer based in Canada, will be allowed to sell solar power generated by its solar farm to Vietnam’s national grid at the mandated solar feed-in tariff of 9.35 U.S. cents/kilowatt hour for the next 20 years, provided they complete the delivery of clean energy to the grid by June 2019.
Sunseap has a pipeline of projects in Cambodia, India, Thailand, Vietnam, Malaysia and Australia.
