LONGi has supplied 1,224kWp of high-efficiency modules to the Crystal International Group in Hanoi, while the project was executed by Solar Electric Vietnam, a leading EPC with extensive commercial and industrial PV experience.
July 08, 2021. By News Bureau
The project owner is Star Fashion Co., a subsidiary of the Crystal International Group, which has over 9,000 employees specializing in garment production for well-known brands.
Solar irradiation in Hanoi is around 1,075kWh/kWp and it is estimated that the system will generate an annual 1,389MWh of clean energy at a rate 15% cheaper than EVN. "The project will also eliminate around 1,268 tons of CO2 every year", commented Tuan Le, an engineer at SEV.
Rooftop solar installations increased dramatically in Vietnam last year in advance of an installation deadline for feed-in tariffs (FiT), with more than 9GWp of rooftop solar installed. However, the country's FiT3 has yet to be introduced, resulting in a steep decline in PV installations entering 2021.
Tien Luu, SEV's CEO, added "SEV is proud to be the designer and EPC for this project. The fact that the project has progressed despite a fourth wave of COVID in Vietnam and FIT 3 not yet being introduced demonstrates just how eager MNCs are to fulfill their commitment to zero carbon targets."
"We are happy to see solar PV still moving forward in Vietnam despite government policy. Solar is an inevitable trend towards carbon neutrality," commented Dennis She, Senior Vice President at LONGi Solar. "Solar irradiation in South Vietnam is around 60% higher than in Hanoi, which technically means the project return is much better than the market's expectation, even without an agreed policy."
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