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Vietnam Solar Power Expo 2019 opens

The Vietnam Solar Power Expo 2019 opened in Hanoi on September 25, drawing 48 exhibitors and more than 300 enterprises.

Held by Neoventure, a professional investment advisor and event organiser with its registered office in China and Hong Kong, which provides market intelligence and sources asset-based investment opportunities in emerging markets, the event is a chance for participating firms to share experience and expand partnership.

Vietnam Solar Power Expo 2019, professional investment advisor,  investment opportunities, solar power

Illustrative image.

According to To Ngoc Son, deputy head of the Asia-Africa Market Department under the Ministry of Industry and Trade, in recent years, Vietnam has become a focus of many world leading firms in solar power and is likely to continue attracting more investors in the future.

Vietnam has now 82 solar power projects with a combined capacity of 4,460MW, making up about 10 percent of the total power production of the country.

As many as 13 other projects are underway, with a combined capital of 630MW, which are expected to become operational in late 2019, noted Son.

He said that the Government has also issued many policies to support the growth of the solar energy sector towards the goal of turning solar power into a spearhead industrial sector, advising businesses to make full use of this opportunity.

The official stressed the need for the firms to prioritise the green and sustainable development orientations.

Meanwhile, Vincent Chan, Regional Manager of Clenergy, said that the exhibition is a chance for businesses to introduce their products and seek investment opportunities in Vietnam.

He held that with various preferential policies in price by the Vietnamese Government, the renewable energy market, especially solar power, has high potential for development.

The expo will run until September 26, with various activities including conferences, technical seminars and forums.

82 solar power plants connected to national grid
As of June 30, as many as 82 solar power plants with a combined capacity of 4,460MW had been connected to the national grid, according to the Vietnam Electricity (EVN) group.
 
Vina Solar Technology Co.,Ltd installs solar panel system for production
(BGO) – The Chinese invested Vina Solar Technology  Company Limited (in Van Trung Industrial Park, Viet Yen district, Bac Giang province) has recently installed and operated the solar panel system totally worth 15 billion VND (over 646,000 USD).
 
JA Solar project’s production value expected to hit about 10 trillion VND
(BGO) – After focusing on investment, the first phase of silicon wafer production and solar cell installation project of Chinese based JA Solar Group (in Quang Chau Industrial Park, Viet Yen district, Bac Giang province) has basically been completed. 
 
Rooftop solar power to be insured
Users of rooftop solar power will be insured for the first time in Vietnam under a deal among solar energy solution provider SolarBK Holdings, Bank for Investment and Development of Vietnam (BIDV), and BIDV Insurance Corporation (BIC).
 

Source: VNA

Vietnam Solar Power Expo 2019, professional investment advisor, investment opportunities, solar power
 
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