New Impetus for Solar Power Market

3:30:04 PM | 14/6/2019

In just a few days, Vietnam is going to have two more solar power plants, including Sao Mai Solar PV1 in Tinh Bien district, An Giang province with a total capacity of 210 MW, of which 104 MW of the first phase has been completed, and Sao Mai Solar PV2 with the capacity of 50MW in Duc Hue district, Long An province. They will simultaneously generate commercial electricity, contributing to supplementing the solar power fund of 2,500 MW.

Particularly, phase II of Sao Mai Solar PV1 will be constructed in 2020. At that time, the production energy of this plant will reach more than 302 million KWh/year. In the next 10 years, Sao Mai Solar Power Plants will have a total generating capacity of over 3 billion KWh/year, ensuring a major source of supply for EVN.

According to Mr. Nguyen Duc Ninh, Deputy Director of the National Electricity System Moderation Center (A0), Vietnam Electricity (EVN), by the end of May 2019, the whole country had 47 solar power projects with generating capacity of 2,300 MW. Only in the next three months, 88 projects will be put into operation - a record in the history of the electricity industry. The fact that Sao Mai Group has two projects joining the renewable energy industry at the same time, has shown that this new field has created new impetus for the solar power market.

Predicting the general trend of the world energy industry, many years ago, Sao Mai had a strategic plan to extend business to solar power. And in the middle of 2017, in coordination with Koyo Corp (Japan), the group successfully put into operation the rooftop solar power plant with a capacity of 1.06 MW and the investment capital of US$2 million. Since being operational, each year, the key project has helped I.D.I (a member of Sao Mai Group) to save billions of VND in electricity costs.

"If the seafood processing enterprises in the Mekong Delta invest in the solar power model like the way Sao Mai Group did for I.D.I, this will save billions of VND for businesses and contribute to significantly solving the energy problem for the country,” said Mr. Duong Nghia Quoc, Chairman of the Vietnam Pangasius Association.

With successful application of solar power to production, Sao Mai has been the pioneer in "opening" of clean energy treasure. The group’s movement has led to a strong rise of businesses involved in investing in battery fields in later years.

Surveys show that An Giang has more than 2,400 hours of sunshine and Long An has over 2,600 hours of sunshine, and these areas have very good heat radiation. And the fact that Sao Mai has chosen these two places to invest solar power plants is a reasonable calculation. Sao Mai Solar PV1 Plant is located in the semi-mountainous area at the foot of Cam Mountain; Sao Mai Solar PV2 is located on the acid sulfate soil of My Thanh Bac commune, in Duc Hue district, Long An province. They are both extremely poor agricultural production areas, the people’s lives face many difficulties. Building solar power cities on barren areas is also considered a very wise direction by Sao Mai Group. Under the solar cell floor, there will be clean agricultural production and this combination will become a very unique tourism model, creating jobs for local people.

The two projects of Sao Mai Solar can reach the target earlier than planned. Just over four months after launching, with thousand tons of equipment with modern technology, a huge amount of work has been done professionally and scientifically. Two green electricity cities have appeared, bringing a new vitality to the remote areas.

After forecasting that electricity demand will grow about 10% /year and Vietnam needs to supplement about 3,500-4,000 MW of new power capacity each year, Sao Mai will contribute significantly to this fund to bring abundant income for the Group and increase local budget revenue. Sao Mai Solar will again be a bright spot for the country's solar power in the future.

Quoc Hung