Sunseap International, a unit of Singapore-based solar energy system developer Sunseap Group, has completed a US$150 million Vietnam solar farm project ahead of its June 30 target schedule.
Jointly developed with the Private Infrastructure Development Group (PIDG) company, InfraCo Asia, the Ninh Thuan Solar Power Project will serve as one of the first utility -scale solar power projects in Vietnam.
According to Sunseap, the solar-powered plant in Ninh Thuan, has a capacity of 168 MW-peak of solar energy, which will generate enough power to meet the electricity needs of approximately 192,000 people and reduce carbon emissions by about 240,000 tonnes annually.
Sunseap and InfraCo Asia also contributed US$130,000 to fund construction of concrete roads surrounding the site along Phu Thuan Hamlet and Tan My Hamlet, My Son Commune, Ninh Son District. The roads, which are more than 2 km long, help improve connectivity for the province, especially for the local farmers who rely on the roads to transport their agricultural produce.
Sunseap is one of the largest and most established players in the solar energy industry in the region. It has a pipeline of projects in Singapore, Australia, Vietnam, China, Taiwan and Cambodia.
Funded by the governments of the UK, the Netherlands, Switzerland, and Australia, InfraCo Asia aims to stimulate greater private sector investment in infrastructure in the low-income developing countries of South and Southeast Asia.