Generating electricity with solar panels

Last update 07:35 | 24/05/2017
VietNamNet Bridge – The government policy encouraging investment in the power sector has created a firm framework for the development of solar energy.

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To generate 1 MW of electricity, solar energy investors need 1.1 hectares of land. However, despite the large land fund needed, economists think that developing solar energy has many advantages.

As equipment, operation and maintenance costs are getting cheaper, solar energy is becoming more attractive than other types of clean energy.

To generate 1 MW of electricity, solar energy investors need 1.1 hectares of land. However, despite the large land fund needed, economists think that developing solar energy has many advantages.

Investors are pouring billions of dollars into clean energy projects in Binh Thuan province, which is bestowed by nature with abundance of wind and sun.

Up to 72 percent of Binh Thuan province’s area has solar radiation of over 5 kWh/m/day, the level high enough to make solar projects economically feasible.

With such great potential, the authorities of Binh Thuan have called for investments in solar energy projects, hoping to turn the locality into a clean energy production center.

More and more solar energy projects in Binh Thuan province have registered recently, most of which have average capacity of 30 MW.

These include Vinh Hao Solar Power Plant with the capacity of 30 MW, Eco Seido Tuy Phong 40 MW and VSP Binh Thuan 2 30 MW.

To date, 43 projects of this kind have been registered in Binh Thuan with total designed capacity of 967 MW. These plants will be developed in 2017-2020 under the plan of the provincial authorities’ to develop solar energy by 2020.

Reuters reported that Dak Lak province has recently licensed solar energy projects capitalized at $3.3 billion in total. The investors are the US-based AES Group, South Korean Solar Park Global, Vietnamese Xuan Thien Dak Lak and Long Thanh Investment and Infrastructure Development.

Why are investors interested in solar energy?

According to Dang Hong Son, CEO of VSP Binh Thuan II, which now runs two 30 MW solar energy plants in Binh Thuan, solar energy technology is developing more rapidly than wind power.

“It is nearly impossible to reduce the solar panel price and it is now the right time to make investment,” he said.

According to Bui Huy Phung from the Energy Science Institute, the investment rate of wind power is $2.4-2.6 million per MW, while it is just $2 million for solar power.

Some companies have offered the price of $1.3 million per MW only. The investment rates are still higher than hydraulic and thermal power, but they are on the decrease.

The largest solar power project is the one in Song Binh commune in Binh Thuan province, developed by the Electricity of Vietnam (EVN). It has capacity of 200 MW, covering an area of 282 hectares.

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This entry was posted in Năng lượng - Energy, Năng lượng mặt trời - Solar energy and tagged , by Trần Đình Hoành. Bookmark the permalink.

About Trần Đình Hoành

I am an attorney in the Washington DC area, with a Doctor of Law in the US, attended the master program at the National School of Administration of Việt Nam, and graduated from Sài Gòn University Law School. I aso studied philosophy at the School of Letters in Sài Gòn. I have worked as an anti-trust attorney for Federal Trade Commission and a litigator for a fortune-100 telecom company in Washington DC. I have taught law courses for legal professionals in Việt Nam and still counsel VN government agencies on legal matters. I have founded and managed businesses for me and my family, both law and non-law. I have published many articles on national newspapers and radio stations in Việt Nam. In 1989 I was one of the founding members of US-VN Trade Council, working to re-establish US-VN relationship. Since the early 90's, I have established and managed VNFORUM and VNBIZ forum on VN-related matters; these forums are the subject of a PhD thesis by Dr. Caroline Valverde at UC-Berkeley and her book Transnationalizing Viet Nam. I translate poetry and my translation of "A Request at Đồng Lộc Cemetery" is now engraved on a stone memorial at Đồng Lộc National Shrine in VN. I study and teach the Bible and Buddhism. In 2009 I founded and still manage dotchuoinon.com on positive thinking and two other blogs on Buddhism. In 2015 a group of friends and I founded website CVD - Conversations on Vietnam Development (cvdvn.net). I study the art of leadership with many friends who are religious, business and government leaders from many countries. In October 2011 Phu Nu Publishing House in Hanoi published my book "Positive Thinking to Change Your Life", in Vietnamese (TƯ DUY TÍCH CỰC Thay Đổi Cuộc Sống). In December 2013 Phu Nu Publishing House published my book "10 Core Values for Success". I practice Jiu Jitsu and Tai Chi for health, and play guitar as a hobby, usually accompanying my wife Trần Lê Túy Phượng, aka singer Linh Phượng.

One thought on “Generating electricity with solar panels

  1. The good news – “More and more solar energy projects in Binh Thuan province have registered recently, most of which have average capacity of 30 MW.”

    “To date, 43 projects of this kind have been registered in Binh Thuan with total designed capacity of 967 MW. These plants will be developed in 2017-2020 under the plan of the provincial authorities’ to develop solar energy by 2020.”

    Số lượt thích

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