, Vietnam

SEACEF launches investment in 500MWp floating solar energy plant in Vietnam

The project aims to address Vietnam’s power shortage.

The Southeast Asia Clean Energy Facility (SEACEF), managed by Singapore-based Clime Capital, announced that it has invested at the development phase of an innovative floating solar and storage project in Dong Nai Province, Vietnam, under development by Blueleaf Energy.

The development comprises a floating solar and storage peaking plant with a target capacity of
500 megawatt peak (MWp) floating PV with battery energy storage system (BESS) up to 200MWh capacity.

SEACEF said its investment aims to demonstrate that there is an alternative to locking in thermal capacity in Vietnam through a cost-competitive and environmentally sustainable solution.

The project is designed to have the capability to provide mid merit and peaking power that would traditionally be provided by unsustainable or fossil-fuel sources. Through the introduction of energy storage, the project allows the country’s dominant power utility EVN to accommodate increased renewable energy capacity while also reducing stress on its power grid system. The project is expected to avoid an average of ~372kt CO2 emissions per year over a 25-year lifetime and a maximum of 412 ktC02 if the battery uses solar generation to displace peaking diesel generation.

“Vietnam’s Power Development Plan for 2021 to 2030 may include significant thermal power capacities to address an impending power shortage as economic growth drives electrical demand. We believe advanced technologies like solar and storage peaking plants can help address Vietnam’s power shortage issues in a cost-effective sustainable manner,” said Mason Wallick, chief executive officer of Clime Capital.

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Get Asian Power in your inbox

Danish energy company Ørsted launches expansion in Vietnam

This comes on the back of Vietnam increasing renewable energy to 30% by 2030

South Korea launches its largest 2 GW solar capacity tender

The country is expected to allocate 4 GW of solar capacity in 2021 across two tenders.

ACWA to build largest wind power plant in Central Asia

The company will construct the 1500 MW wind power project in Uzbekistan.

India’s Tata Power contemplating $473m IPO for renewable energy business

It initially planned to seek a partner to invest in its green assets.

China’s solar capacity installation crashes by 82% QoQ in Q1 2021

But increased by 35% YoY compared to Q1 2020.

India’s JSPL sells coal-fired power business for $400m to Worldone

This move aims to reduce the company’s debt and carbon footprint by almost half.

Japan authorizes operations of three ageing nuclear reactors

This is the first time reactors older than 40 years are approved to restart.

India’s NTPC launches tender for 600MW of wind and solar projects

Developers can compete for at least 50 MW to 600 MW in 10 MW multiples.

Here’s why the last dirty fuel project in Japan was scrapped 

The country recently pledged to cut down greenhouse gas emissions by 46% before 2030.

Singapore's Sunseap eyes expansion in Japan after latest Series E funding

The company earned an undisclosed amount from several new Japanese investors.