The south central province of Phu Yen has announced 14 sites that it deems to have great potential for solar energy plants in order to call for investment. (Illustrative photo: VNA)Phu Yen (VNA) – The southcentral province of Phu Yen has announced 14 sites that it deems to have greatpotential for solar energy plants in order to call for investors.
The sites have total area ofnearly 5,160ha, of which four sites with 3,900ha cover the water surfaces offour hydropower reservoirs – Song Hinh, Song Ba Ha, Buon Duc and Phu Xuan – in threemountainous districts of Song Hinh, Son Hoa and Dong Xuan.
Vice Chairman of Phu Yen provincialPeople’s Committee Nguyen Chi Hien said at a working session with Taiwanesecompany USAREG last April that 16 investors had asked for permission to conductsurveys on the development of solar, wind and gas energy in the province.
Vietnam is among countries thatenjoy the most sunlight in the world, with the Central Highlands and south centralregions recording between 2,000 and 2,600 hours of sunshine every year.
The country is encouraginginvestment in solar energy development, with the latest incentive being arecent decision which took effect in June 2017 stipulating that all outputproduced by solar power projects will be purchased for 2,086 VND (9.3 US cents)per kWh (excluding VAT) - a profitable rate for investors.
Investors involved in solarpower projects in Vietnam will also be eligible for various incentives relatedto land, investment capital and corporate income and import tax rates.-VNA
The sites have total area ofnearly 5,160ha, of which four sites with 3,900ha cover the water surfaces offour hydropower reservoirs – Song Hinh, Song Ba Ha, Buon Duc and Phu Xuan – in threemountainous districts of Song Hinh, Son Hoa and Dong Xuan.
Vice Chairman of Phu Yen provincialPeople’s Committee Nguyen Chi Hien said at a working session with Taiwanesecompany USAREG last April that 16 investors had asked for permission to conductsurveys on the development of solar, wind and gas energy in the province.
Vietnam is among countries thatenjoy the most sunlight in the world, with the Central Highlands and south centralregions recording between 2,000 and 2,600 hours of sunshine every year.
The country is encouraginginvestment in solar energy development, with the latest incentive being arecent decision which took effect in June 2017 stipulating that all outputproduced by solar power projects will be purchased for 2,086 VND (9.3 US cents)per kWh (excluding VAT) - a profitable rate for investors.
Investors involved in solarpower projects in Vietnam will also be eligible for various incentives relatedto land, investment capital and corporate income and import tax rates.-VNA
VNA
