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
Solar panel industrial craft 2
TTI Group to invest $150 million solar panel plant in Ho Chi Minh City
TTI, Inc. from the US has expressed interest in developing a solar panel manufacturing plant and an R&D centre in Saigon Hi-Tech Park (SHTP) in Ho Chi Minh City with the total investment capital of $150 million. The manufacturing plant of TTI Group will take up 10 hectares in SHTP At a working session with representatives of SHTP, H. J. Pudwill, chairman of TTI Group, released that the plant and the centre will cover an area of 10 hectares. Le Bich Loan, deputy head of the Managing Board of SHTP, said that at present, there are 16 hectares of vacant land in the park, thus, the managing board welcomes the investment of TTI. SHTP is the country’s leading destination for high-tech projects and has gradually formed an urban area for scientific R&D purposes in the city. It has been involved in building high-quality human resources, new manufacturing facilities, as well as promoting business incubation and high-tech startups. It is expected that SHTP will contribute … [Read more...] about TTI Group to invest $150 million solar panel plant in Ho Chi Minh City
Quang Ninh installs solar panels for island residents
Illustrative image (Photo: VNA) Quang Ninh (VNA) - The Quang Ninh Electricity Company is carrying out the installation of solar panels for 15 households residing on Tran island, Thanh Lan commune, Co To Island district, the northern province of Quang Ninh. These solar panels with capacity of 1kWp will enable these households to have sufficient power for their daily activities, while they are waiting for being connected with the national power grid. Solar panels will also be installed for 178 households in Mong Cai, Hai Ha, Tien Yen, Ba Che, Binh Lieu, and Hoanh Bo, given they live in remote areas, far away from the national power grid, according to the provincial People’s Committee. Experts said solar panels bring the highest efficiency in terms of investment and environmental protection. The installation, which has a total investment of 55 billion VND sourced from Quang Ninh’s budget, is expected to complete before January 28, 2019. Solar power is attracting great … [Read more...] about Quang Ninh installs solar panels for island residents
Thermal power plant to install solar panels
Solar panels being installed at an industrial zone. Thu Duc Thermal Power Plant developed a large-scale rooftop solar system. — VNS Photo Thu Huong Thu Duc Thermal Power Plant, in co-operation with Bach Khoa Investment and Development of Solar Power Corporation (SolarBK Holdings), has developed a rooftop solar system to supply 53,000 kilowatt hours of renewable energy per year. It is the first such system the plant has built to reduce carbon emissions. The 36 kilowatt peak (KWp) system, which includes more than 100 rooftop solar panels, will cut 45 tonnes of carbon emissions each year. According to Electricity Viet Nam (EVN), the country will eliminate 25 coal-fired power plants by 2030 – equal to 30,000MW of power. There is great potential to develop rooftop solar energy in the country, with each square metre of solar panels able to produce four to five KWh each day. HCM City has seen the fastest development of rooftop solar power on houses and office buildings, with … [Read more...] about Thermal power plant to install solar panels
EU ends trade controls on Chinese solar panels
EU ends trade controls on Chinese solar panelsThe Saigon Times Daily A general view shows solar panels to produce renewable energy at the Urbasolar photovoltaic park in Gardanne, France, June 25, 2018 – PHOTO: REUTERS BRUSSELS (REUTERS) - The European Union will end restrictions on the sale of solar panels from China early this week in a move that EU producers said would lead to a flood of cheap imports. The European Commission, which coordinates EU trade policy, said in a statement last week that the measures would expire at midnight on Monday Sept. 3, confirming a Reuters report on Aug. 24. The EU first imposed anti-dumping and anti-subsidy measures for Chinese solar panels, wafers and cells in 2013 and extended them by 18 months in March last year, signaling that they should then end. Chinese manufacturers have been allowed to sell solar products in Europe free of duties if they do so at or above a progressively declining minimum price. If sold for less than that … [Read more...] about EU ends trade controls on Chinese solar panels