Vietnam to hold auctions for 400MW of floating solar
The Asian Development Bank (ADB) is helping the Vietnamese government introduce an auction scheme for solar project development which was announced in early December.
The lender has issued a tender to seek consultants to help Vietnam’s Ministry of Industry and Trade hold the first two pilot auctions, which will be devoted to floating PV.
The first auction, planned for this year, is intended to select a company to construct a floating PV array with a generation capacity of 50-100MW.
A second procurement round, scheduled for 2021, is planned for a 300MW project. Both plants will be located at hydro facilities belonging to the Da Mi Hydropower Joint Stock Co division of national electric utility Viet Nam Electricity (EVN).
Although the tender document did not specify locations for the generation sites, the initial project is expected to be the floating power plant the ADB agreed to finance with a $37 million loan in October, which was originally set to receive a feed-in tariff (FIT) of $0.0769/kWh. That project was planned for a man-made reservoir at Da Min’s 175MW hydropower plant in Binh Thuan province, on Vietnam’s southeastern coast.
The 300MW floating solar facility is likely to be deployed at the Hàm Thuận Hydroelectric Power Complex, a cascade of two hydro power stations in the Hàm Thuận Bắc district of central Vietnam.
