Chinese Firms Win 319 MW Module Orders For Vietnam

China’s JA Solar Wins Module Supply Contract For 257 MW Phu Yen Solar Project In Vietnam; Another Chinese Module Maker Risen Energy To Provide Modules For 62 MW PV Project, Also In Vietnam, To Hoang Son
06:14 AM (Beijing Time) - 04. December 2018
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While JA Solar won a contract to supply its modules for a 257 MW solar power plant in Vietnam, another Chinese module maker, Risen Energy, announced its fourth project win in Vietnam with Hoang Son’s 62 MW project in Ninh Thuan province. Risen and Hoang Son signed an agreement on November 26, 2018. (Photo Credit: Risen Energy Co., Ltd.)

Key Takeaways

  • Two Chinese companies have secured module supply orders for a total of 319 MW solar power capacity in Vietnam
  • JA Solar will supply its high-efficiency mono PERC modules for the 257 MW PV project in Phu Yen
  • Risen Energy has bagged its fourth solar power project in Vietnam with 62 MW My Son PV power plant in Ninh Thuan province

Tier I Chinese solar module supplier JA Solar Holding Co., Ltd. has bagged a module supply contract for a 257 MW solar power project in Phu Yen, Vietnam. Thailand’s B.Grimm entered a 20-year power purchase agreement for the 257 MW Hoa Hoi solar power plant with Electricity of Vietnam in October 2018, as the project developer (see PPA Signed For 257 MW Vietnam PV Project).

B.Grimm is working on the project with China Energy Engineering Group’s subsidiary Shanxi Electric Power Engineering Co. Ltd. (SEPEC) as the EPC provider. SEPEC has selected JA Solar’s high-efficiency mono PERC modules for the project.

On November 26, 2018, another Chinese module company Risen Energy Co., Ltd. also signed a supply agreement with Hoang Son of Vietnam to provide its 62 MW (DC) modules for the latter’s My Son PV power plant in Ninh Thuan province. Hoang Son is aiming to complete the project by mid-2019 by when solar incentives offered by the Vietnamese government are set to expire.

To be able to meet this ‘tight delivery schedule’, Risen said it will have to arrange production personnel to be able to complete the delivery within 3 months of the contract coming into effect.

Like any other solar module company, Risen Energy is greatly interested in the Vietnamese market which according to Rystad Energy’s September 2018 analysis boasts a large-scale solar PV project pipeline of 20 GW (see Vietnam Large Scale PV Pipeline Reaches 20 GW).

Risen has already secured 2 projects of 50 MW and 61 MW capacity in Vietnam. It will use its own modules for a 50 MW project the company is developing in Vietnam as an EPC contractor. All 3 projects are coming up in Ninh Thuan province (see Risen Energy Bags Another PV Project In Vietnam).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani