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|The signing of the power purchase agreement between Thien Tan JSC and Electric Power Trading Company under Electricity of Vietnam|
The new plant, named Thien Tan, has a capacity of 50MW and completed construction in seven months (from July 2019 to February 2020), two months ahead of schedule.
The project represents a total investment of VND1.248 trillion ($54.26 million) using the most advanced technology in the world with a 65-degree, one-axis rotating support system designed and manufactured by US FTC Solar, which automatically rotates in the direction of the sun to maximise energy absorption.
With German SMA inverter, Taiwan’s 380w battery capacity, and 20 per cent panel efficiency, the plant is expected to produce 95 million kW a year.
|This is the first phase of the great Thien Tan Solar Ninh Thuan project with a total capacity touching 1,000MW on an area of 1,400 hectares.|
According to the investor, this is the first phase of the great Thien Tan Solar Ninh Thuan project that will have a total capacity touching 1,000MW on an area of 1,400 hectares. The project’s second phase is expected to start soon, after securing support from relevant ministries, central agencies, as well as local authorities.
Thien Tan Group, a multi-sector investor, executes projects from transport infrastructure with Pham Van Dong road in Quang Ngai city to NH1A bypass crossing Duc Pho and Mo Duc in Quang Ngai province to urban projects such as Thien But park, Thien Tan ecological urban area, or a five-star hotel and commercial centre in District 7, Ho Chi Minh City, to name but a few.
|Thien Tan Solar Power Plant is expected to produce 95 million kW a year|
In particular, Thien Tan is allegedly the only private enterprise in Quang Ngai so far with efficient investment in the field of renewable energy. The company has been running two hydroelectric projects – Ha Nang with an investment of nearly VND800 billion ($34.78 million) having a capacity of 70 million kW per year and Dak Re valued at VND3.2 trillion ($139.13 million) with a capacity of 60MW.