The project has been cleared by Vietnam Electricity (EVN) for 60 MW and is likely to generate 106,000 units of power every year, once commissioned
Waaree Energies Ltd, a flagship company of Waaree Group and provider of solar power solutions, said on Friday that the company has bagged a contract for setting up of a ground mounted solar project of 60 megawatt (MW) capacity in Vietnam.
The solar project will mark the expansion of Waaree Energies to the markets of South East Asia. The project is being developed, on turnkey basis, in partnership with a leading utility scale company, according to a statement released by the company.
Commenting on the development, Sunil Rathi, Director – Sales and Marketing, Waaree Energies Ltd, said, “Waaree Energies has been a preferred engineering, procurement and construction (EPC) player in India, and is committed towards making solar energy affordable and accessible. We plan to extend this commitment globally and are actively looking at opportunities that aid transition to solar power.”
Rathi further stated that the company already has in pipeline 100 MW projects in solar to be executed in the coming six months globally and 250 MW projects in the country.
Project to aid in Vietnam’s solar goals
The project is being established in the Khanh Hoa province of Vietnam. The project has been cleared by Vietnam Electricity (EVN), country’s largest power company, for 60 MW. The project, once commissioned, is likely to generate 106,000 units of power every year, the statement said.
The power generated by the project will be utilised for feed-in tariff that will further help in the adoption of solar power in Vietnam. The country has set a target for setting up 12,000 MW of solar energy capacity, it said.
Waaree Energies has the largest capacity for Solar PV Module manufacturing in India of 1.5 GW. The company has its presence in more than 250 locations in the country and 68 locations internationally.
