As the global demand increases, Vietnam is competing to become an ideal investment destination for the solar segment, Photo: shutterstock Last week, the United States’ TTI Group showed its interest in building a $150 million solar photovoltaics (PV) factory in Saigon Hi-Tech Park in Ho Chi Minh City. This would become the group’s second investment in a PV solar factory. This increased investment comes amid higher global demands as well as companies wanting to lower costs and to void anti-dumping issues. According to the European Commission’s 2017 PV Status Report, the compound annual growth rate over the past decade was over 40 per cent, making photovoltaics one of the fastest growing industries. Solar PV systems are today recognised as a promising form of renewable energy technology. The overall market for PV solar is expected to continue to grow globally while the cost of installing and making solar panels continues to drop. This growth has led First Solar, one … [Read more...] about Race hots up over solar panel manufacturers
Find solar panel installers
Large-scale wind and solar power ‘could green the Sahara’
Installing huge numbers of solar panels and wind turbines in the Sahara desert would have a major impact on rainfall, vegetation and temperatures, researchers say. Wind turbines in Morocco on the edge of the desert -- Photo: ABDELHAK SENNA They found that the actions of wind turbines would double the amount of rain that would fall in the region. Solar panels have a similar impact although they act in a different way. The authors say their work reinforces the view that large-scale renewables could transform the Sahara region. The scientists modelled what would happen if 9 million sq km of the Sahara desert was covered in renewable energy sources. They focussed on this area because it is sparsely populated, and it is also exposed to significant amounts of sun and wind and is close to large energy markets in Europe and the Middle East. According to authors' calculations, a massive installation in the desert would generate more than four times the amount of energy that the … [Read more...] about Large-scale wind and solar power ‘could green the Sahara’
CG & SolarBK partner to distribute residential solar solutions
SCG Concrete Roof (Vietnam) Ltd., a member of Thai conglomerate the SCG Group, has recently signed a cooperation agreement with the SolarGATES Trading JSC, a subsidiary of the SolarBK Holdings Group, to officially become a nationwide distributor of SolarGATES renewable energy products and solutions. SCG Concrete Roof becomes official distributor of SolarGATES renewable energy products in Vietnam. Photo: SolarBK SCG Concrete Roof spent some nine months exploring Vietnam’s renewable energy market before deciding to partner with Solar BK Holdings. The groundwork for the collaboration came from a need to find qualified solar panel suppliers in Asia to provide solar power solutions integrated with SCG Concrete Roof’s products in Thailand. After visiting the international-standard photovoltaic (PV) module manufacturing process at IREX - a member of SolarBK Holdings - SCG Concrete Roof was impressed by the efficient workflow and value chain, from manufacturing … [Read more...] about CG & SolarBK partner to distribute residential solar solutions
Solar power speeds up approaching household sector
For 5 months, Nguyen Thi Thanh Nga in Phu Nhuan District has been using a 3kWp rooftop solar photovoltaic system called BigKilowatt. The system saved 30 percent on her electricity cost and increased her income by selling electricity back to the national power grid. BigKilowatt is the latest solution of SolarBK Holdings, supplying to the households an alternative energy solution accompanied by quality warranty and a third party's insurance. Nguyen Tuan Hung - Head of Community Outreach Department, EVN Ho Chi Minh stated that after the 11/2017/QĐ-TTg announcement released in April 2017 to encourage solar energy projects in Vietnam, this market thrives with attendance of several solar power investors. The household sector is, however, slightly behind as raising consumers’ awareness of renewable energy and its effect demands more time, while waiting EVN to complete contracts and 2-way electric power meter installation process for household consumers. "From 9/2017 to 5/2018, … [Read more...] about Solar power speeds up approaching household sector
Second solar farm kicked off in Ninh Thuan
This morning, Gelex Energy One Member Company Limited, a subsidiary of Vietnam Electrical Equipment JSC (Gelex), kicked off the construction of its solar farm in the central province of Ninh Thuan, marking its second such project in the province this year. The second solar farm in Ninh Thuan kicked off from early this year According to the plan, Gelex’s solar plant will have a total investment capital of VND1.3 trillion ($56.95 million) and cover an area of 70 hectares in Thuan Nam district. It is one of the 18 projects, the investment planning of which the Ninh Thuan People’s Committee approved in November 2017. The project’s construction is expected to be finished in May 2019 and it will start to generate commercial power one month later, with the capacity of 82 million kWh per year. Earlier on March 30, Gelex and Power Solution Technologies Public Company Limited (PSTC) from Thailand signed a co-operation agreement to develop the project. Accordingly, … [Read more...] about Second solar farm kicked off in Ninh Thuan