JinkoSolar Signs Agreement to Supply 240 MW Solar Modules to Vietnam

Leading Chinese solar PV module manufacturer and distributor JinkoSolar, recently announced that it has signed a 240MW solar module supply agreement with Powerchina Huadong Engineering Corporation Limited for the second phase of the 420 MW Dau Tieng solar plant in Vietnam, which will become the largest solar power project in Southeast Asia when completed.

“We stood out from our competition during the selection process by Powerchina Huadong as a result of our excellent products, high-quality services and strong brand recognition,” commented Mr. Gener Miao, Vice President Global Sales and Marketing of JinkoSolar. “With the reduction of solar costs, the competitiveness of solar energy is increasing, we look forward to working closely again with Powerchina to participate in more outstanding solar energy projects globally.”

The Dau Tieng project is being developed by Vietnam’s Xuan Cau and Thailand’s B.Grimm Power Public, while Powerchina will handle all the Engineering, Procurement and Construction duties.

Mr. Leiming Shi, Vice President of Powerchina Huadong, commented, “A number of projects developed by Powerchina Huadong are located in countries that often experience power shortages along the ‘Belt and Road’ route. These projects have strengthened the partnerships between each country and have helped Chinese companies to go global, allowing them to gain valuable experience in the planning, design, construction and operation of solar plants. Developing a partnership with a global leader like JinkoSolar to push this project forward allows us to use their high quality modules and leverage their mature global sales network. We look forward to deepening our relationship by working on more international power projects in the future and jointly expanding the influence of Chinese companies in the international clean energy market.”

The 420 MW capacity solar plant in Tay Ninh, southwestern Vietnam is  scheduled to be commissioned in June next year. The total development cost is US$420 million and has a feed-in tariff of 9.35 cents per kilowatt-hour (Rs 6.54 per unit). “The project got off to a good start and we are on track to meet the COD (commercial operation date) in June 2019,” said Preeyanart Soontornwata, CEO of B Grimm Power Plc (BGRIM). The company is confident that this project will increase the contribution of renewable energy and international investment to 30 per cent of its total portfolio within five years, from its 6% share presently.