ADB financing first large-scale floating solar PV in hydro reservoir in Viet Nam
The Asian Development Bank (ADB) has signed a $37 million loan agreement with Da Nhim–Ham Thuan–Da Mi Hydro Power Joint Stock Company (DHD) to finance the installation of a 47.5-MW peak floating photovoltaic (PV) solar facility on the man-made reservoir of DHD’s existing 175-MW Da Mi hydropower plant. The project marks the first large-scale installation... The post ADB financing first large-scale floating solar PV in hydro reservoir in Viet Nam appeared first on Renewable Energy World.
The project marks the first large-scale installation of floating solar PV panels in Viet Nam and the largest installation in Southeast Asia, ADB says.
“This project will help to boost the share of renewable energy in Viet Nam’s overall energy mix and decrease the dependence on imported fossil fuels such as coal,” said ADB Private Sector Operations Department Deputy Director General Christopher Thieme. “The pairing of these two clean energy technologies — hydropower and solar — is a simple but a highly innovative achievement, which can be replicated elsewhere in Viet Nam and across Asia and the Pacific.”
DHD, a subsidiary of the Viet Nam Electricity (EVN) Power Generation Corporation 1, owns and operates four hydropower plants: Da Mi, Ham Thuan (300 MW), Da Nhim (160 MW), and Song Pha (7.5 MW). DHD’s total generation capacity is 642.5 MW, about 1.7% of Viet Nam’s total capacity.
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