US group hopes to build Vietnam's first solar plant

US-based ACO Investment Group plans to build a 50 megawatt solar power farm in central Binh Thuan province.

This will be Vietnam’s first solar power plant.

This was revealed by the Binh Thuan People’s Committee.

An ACO representative said the firm was working with the Ministry of Industry and Trade to add thisproject to the national electricity master plan.

“We are serious about this project and we are trying to complete all procedures to push it ahead as soon aspossible. A feasibility study is being undertaken,” said a source from ACO Investment Group.

“Vietnam has untapped potential for renewable energy, especially solar power. So, we want to be the first investor to develop a solar power project here,” the source added.

Binh Thuan and its neighbouring Ninh Thuan province are said to have the biggest potential for solar energy, prompting many domestic and foreign investors to express interest in investing into solar power in the province.

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