AC Energy, a wholly owned subsidiary of Ayala Corporation, in partnership with AMI Renewables Energy Joint Stock Co., has signed EPC and financing documents for the development of solar plants in Vietnam.
The joint venture announced its plans to build solar farms totaling 80 MW in the provinces of Khanh Hoa and Dak Lak, to be commissioned in time for the June 2019 solar feed-in tariff deadline.
The projects are estimated to cost US$83 million, financed with debt and equity. AC Energy will participate with at least 50% economic share.
Indovina Bank of Vietnam and RCBC of the Philippines will provide non-recourse financing for the Dak Lak and Khanh Hoa projects respectively.
Country updates
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October 11, 2018
DOE to take over 3000 MW LNG-to-power project in Vietnam
Delta Offshore Energy has been selected by the Bac Lieu province in Vietnam to bring the country’s 3000 MW LNG-to-power project forward. The company has signed a memorandum of understanding with...
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October 11, 2018
48 MW solar project in Vietnam starts operations
Sharp Corporation has announced that on 25 September 2018, the first utility-scale solar power plant in Thua Thien Hue Province, Vietnam began commercial operation. The plant was developed jointl...
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October 11, 2018
B.Grimm Power signs PPA for 257 MW solar project in Vietnam
Thailand’s B.Grimm Power has announced that it has signed a power purchase agreement (PPA) with Electricity of Vietnam (EVN) for a 257 MW solar project in the country. The project is l...
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October 10, 2018
juwi signs EPC contracts for two solar projects in Vietnam
juwi has announced that it has signed two EPC (engineering, procurement, and construction) contracts with a consortium of BIM Group of Vietnam and AC Energy of Philippines, to build two solar photovol...
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September 27, 2018
Risen Energy to supply 61 MW solar project in Vietnam
China-based PV module manufacturer Risen Energy has announced that the company has signed a contract for a 61 MW power purchase agreement (PPA) project in Ninh Thuan with Tasco, a Vietnam-based c...
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