HO CHI MINH CITY, Vietnam – Vietnam has inaugurated Southeast Asia’s largest solar power farm which has the capacity to produce 688 million kWh of electricity annually, developer Xuan Cau told EFE on Wednesday.
The Dau Tieng Solar Power Complex, a joint venture with the Thai industrial group B Grimm Power Public Company, occupies 540 hectares in Tay Ninh province, some 100 kilometers (62 miles) from Ho Chi Minh City, and has an investment of more than $391 million.
The complex, which was officially inaugurated on Saturday, was constructed on the Dau Tieng Reservoir – the largest artificial lake in Vietnam – and is expected to generate 10 percent of the country’s solar energy to guarantee supply to 320,000 homes.
The company said it will also prevent the emission of 595,000 tons of CO2 into the atmosphere every year.
“Although solar power is still a relatively new field, it is the basis to put faith in developing green and environmentally friendly power sources,” the statement said.
Vietnam, with some 2,700 hours of sun annually, in the last few years has been trying to attract foreign investment in renewable energy, which is in its initial stages in a country where hydropower plants and thermal power stations make up the majority of the supply.
Solar energy represents 0.01 percent of the total production of the country, but the government has proposed to reach 3.3 percent by 2030 and 20 percent by 2050.