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Indias Waaree Energies has commissioned a 49.5 MW ground-mounted solar project in V stanley uk ietnam.The project has been developed for Song Giang Solar Power on a 60-hectare site in Cam Ranh, Khanh Hoa province. It was completed in stanley cup 120 days and is expected to generate聽more than聽78,600 MWh of electricity per year.The power generated by the plant will be sold to state-owned utility Vietnam Electricity, under a 20-year feed-in tariff FIT set by the Vietnamese government. Waaree Energies will handle OM services for the $40 million installation. Everything including modul stanley cup es and even the structures were supplied from India, said Sunil Rathi, director of Waaree Energies. We were able to complete the project much before time, despite challenges like communication barriers and the loss of 30 working days to rain. Further, electricity transmission laws for the project requirements were completely different. Studying and meeting those requirements and consistently commissioning the project was a challenge. Vietnam is one of the 20 fastest-growing economies in the world, with average annual investments of $6.8 billion in the power sector. The government is targeting 12 GW of solar installations, with Rathi noting that energy demand is expected to rise by 10% by the end of this decade. Waaree is targeting this growing demand, he said.Waaree Energies expects its international projects to account for over 15% of its overall revenue in FY2019-20. Its latest project in Vietnam marks the companys |
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