Seminar explores financing options for rooftop solar power installation

News

Seminar explores financing options for rooftop solar power installation

Friday, June 12, 2020

The Electricity of Vietnam (EVN) in Ho Chi Minh City hosted a seminar on June 11 to discuss solutions to develop and finance rooftop solar power installations in the country’s southern hub.

Illustrative photo.

The Electricity of Vietnam (EVN) in Ho Chi Minh City hosted a seminar on June 11 to discuss solutions to develop and finance rooftop solar power installations in the country’s southern hub.

During the event, participating solar energy solution providers introduced various options for businesses, organisations and homeowners to purchase their own rooftop solar power systems.

Nguyen Duy Thinh from SolarBK, a leading solar power producer in Vietnam, said if a company has a rooftop of 3,000 – 10,000 sqm, SolarBK is ready to co-finance from 70 – 100 percent of the solar project’s total cost.

Vietnam Eco Solutions (VES) and TTC Energy have also rolled out similar deals to co-invest in rooftop solar power projects.

HB Bank representatives said it is offering loans with preferential interest rates for customers who borrow to install a rooftop solar energy system. By March, the bank had provided a total of 1.2 trillion VND (51.32 million USD) in loans for enterprises and homeowners to develop this kind of projects across the country.

As of the end of May, a total of 7,341 solar power systems, with a combined capacity of 94.49 MWp, had been installed in Ho Chi Minh. Since 2017, 102 rooftop solar power projects with a combined capacity of 37.23 MWp have been connected to the city’s grid.

VNA

Other news

Mu Cang Chai Paragliding Festival to take place on upcoming national holidays

Paragliding in Mu Cang Chai district is attracting an increasingly large number of tourists.

On the occasion of the upcoming national holidays of the Liberation of the South and National Reunification, and May Day from April 27 to May 1, a lot of tourist activities will be held in Mu Cang Chai district, including the opening of the 2024 Paragliding Festival entitled “Bay tren mien danh thang” (Flying over Scenic Spot).

Yen Bai leader attends 2024 Vietnam Connect Forum

Chairman of the provincial Tran Huy Tuan attends 2024 Vietnam Connect Forum

Deputy Secretary of Yen Bai province’s Party Committee and Chairman of the provincial People’s Committee Tran Huy Tuan attended the 2024 Vietnam Connect Forum held recently in the northern port city of Hai Phong.

Party Secretary joins CPV high-ranking delegation’s visit to Japan

Politburo member, permanent member of the CPV Central Committee’s Secretariat and Chairwoman of the CPV Central Committee’s Organsiation Commission Truong Thi Mai and the CPV high-level delegation have a working delegation with President of the National Diet NukagaFukushiro.

YBO- Politburo member, permanent member of the Communist Party of Vietnam (CPV) Central Committee’s Secretariat and Chairwoman of the CPV Central Committee’s Organsiation Commission Truong Thi Mai, who is also Chairwoman of the Vietnam – Japan Friendship Parliamentarians’ Group, led a high-level delegation on a working visit to Japan from March 31 to April 3.

Australia to assist Yen Bai in various fields

Chairman of the provincial People's Committee Tran Huy Tuan presents a photo of Mu Cang Chai terraced fields, a special national scenic site

Chairman of the Yen Bai provincial People's Committee Tran Huy Tuan hosted a local reception for Vice Ambassador of Australia to Vietnam Cherrie Russel and a working delegation from the Australian Embassy in Vietnam.

News