Vietnam's TTC to launch three solar projects in 1H2018

This is part of TTC's plan to boost solar power capacity to 700MW.

Reuters reported that Vietnamese conglomerate TTC Corp expects to start construction work on the country’s first three solar power projects in the first half of 2018, its chairman said on Tuesday.

Vietnam has been mostly reliant on coal-fired and hydro power plants to meet demand for electrical energy, which is growing at around 11 percent a year, but wants to boost its renewable energy output.

“Investing in renewable energy is truly a very great opportunity as Vietnam is close to the equator, so the (solar) radiation is good, and we also have a more than 3,600-km long coastline,” TTC’s chairman Dang Van Thanh told Reuters in an interview.

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