Strengthening partnerships, scaling renewables, and supporting energy transition, Waaree signs a 100MW EPC deal with Vietnam’s Viet Khanh.
Waaree Renewable Technologies has entered into an initial agreement with Viet Khanh Joint Stock Company to carry out turnkey engineering, procurement, and construction (EPC) work for a 100-megawatt (MW) solar power project in Vietnam.
This project is the second collaboration between the two companies. In 2019, they completed a 49.5MW solar project in Vietnam’s Cam Ranh province.
According to the memorandum of understanding (MoU), Waaree will oversee all phases of the project, including design, engineering, construction, testing, and connection of the photovoltaic (PV) plant to the national grid.
Once operational, the project is anticipated to reduce carbon dioxide emissions by approximately 130,000 metric tonnes annually. This figure is based on standard industry methods used to assess the environmental impact of solar energy generation.
Commenting on the development, Viren Doshi, Executive Director at Waaree Renewable Technologies, stated that the agreement reflects the ongoing partnership between the two companies.
However, the MoU does not outline financial terms or provide a detailed timeline for implementation. As such, further progress will depend on securing the necessary regulatory approvals, completing procurement procedures, and initiating site works in line with the project schedule.
Waaree Renewable Technologies is a part of the India-based Waaree Group, which operates in international markets through the manufacture of solar PV modules and the development of renewable energy projects.
Meanwhile, in recent years, Vietnam’s solar sector has seen consistent growth, supported by government initiatives aimed at increasing the share of renewable sources in the national energy mix.
In this context, the project is likely to align with Vietnam’s ongoing renewable energy policies. Although, the announcement did not specify how it would be incorporated into existing national energy planning frameworks or targets.
