TTC Group plans major investments in building solar parks in Vietnam

Last Modified: Wed Jun 21 2017 02:22:18 GMT+0530 (India Standard Time)
  • $1 billion
    Investment planned by Vietnam’s TTC Group, a sugar, energy, real estate and tourism conglomerate, on an ambitious plan to build one of the country’s largest portfolio of solar projects in an effort to capitalize on the nation’s growing power needs.
  • 10 - 20
    Number of solar parks the Ho Chi Minh City-based company is looking to have in operation by 2018, according to Chief Executive Officer Thai Van Chuyen.
  • 1,000 MW
    planned installed capacity across all the solar parks.
  • 30%
    of the costs will be funded by the company, which is in talks with banks and financial institutions for the remainder of the funds needed for the parks.
  • 14%
    generation capacity that the Vietnam’s government has vowed to add each year between 2015 and 2030 in order to fill the country's power gap.
  • $74 billion
    Investment that Vietnam will need to make in coal, gas, wind, solar and hydro power plants through 2025 as power demand doubles, Bloomberg New Energy Finance wrote in a report in March.