11:26 | 03/11/2017 Industry
The south central province of Phu Yen has announced 14 sites that it deems to have great potential for solar energy plants in order to call for investors.
|Illustrative photo: VNA|
The sites have total area of nearly 5,160ha, of which four sites with 3,900ha cover the water surfaces of four hydropower reservoirs – Song Hinh, Song Ba Ha, Buon Duc and Phu Xuan – in three mountainous districts of Song Hinh, Son Hoa and Dong Xuan.
Vice Chairman of Phu Yen provincial People’s Committee Nguyen Chi Hien said at a working session with Taiwanese company USAREG last April that 16 investors had asked for permission to conduct surveys on the development of solar, wind and gas energy in the province.
Vietnam is among countries that enjoy the most sunlight in the world, with the Central Highlands and south central regions recording between 2,000 and 2,600 hours of sunshine every year.
The country is encouraging investment in solar energy development, with the latest incentive being a recent decision which took effect in June 2017 stipulating that all output produced by solar power projects will be purchased for 2,086 VND (9.3 US cents) per kWh (excluding VAT) - a profitable rate for investors.
Investors involved in solar power projects in Vietnam will also be eligible for various incentives related to land, investment capital and corporate income and import tax rates.