Southeast Asia's largest solar power plant receives green loan support
The Asian Development Bank (ADB) recently stated that it has signed an agreement to provide loans for the Hoa Hoi Solar Park in Vietnam at a cost of up to US$186 million.
A spokesperson for the bank said that this is the largest single operating solar powered home solar power plant in Vietnam and the largest single power plant in Southeast Asia, with an installed capacity of 257 MW. The plant may offset 123,000 tons of carbon dioxide annually.
The solar facility will provide electricity to the cities of Quang Ngai and Nha Trang and their surrounding areas.
This loan is the first loan provided by the country to Fu An Joint Stock Company. The company is jointly owned by B.Grimm Power Public Co and Truong Thanh Vietnam Group JSC.
According to the financing agreement, ADB will provide US$27.9 million in loans, the commercial bank consortium will provide US$148.8 million, and Leading Asia’s private infrastructure fund of US$9.3 million. Commercial banks include Bangkok Bank, Kasikorn Bank, Katnakin Bank, Industrial and Commercial Bank of China and Standard Chartered Bank.
ADB stated that green loans are designed to provide funding for projects that may bring environmental or climate-related benefits.
-
Village in the mountains with solar system“We have to go back and forth several hundred meters to fetch water from the mountain every day,” a villager told us. "Our village has been living in the mountains for generations. Travel is not that convenient, and water and electricity
Do you like ?0
Read more -
100KW Commercial Solar Power Will Be Soon In Nigeria HotelDavid, a Nigerian resident living in Guangzhou, China, has become a true "China expert" after spending 20 years in the country. His family in Nigeria operates 15 hotels, and David is responsible for procu
Do you like ?0
Read more -
Let factories use electricity for freeThe Philippines has abundant sunshine, and the solar system can start generating electricity at 6.30 in the morning and stop generating electricity at around 17.30 in the afternoon. The peak power generation is between 10.00 and 15.00. A cus
Do you like ?0
Read more -
5KW Off-grid Solar Setup In Congo HospitalWith Mars solar off-grid solar setup, a hospital from democratic republic of the Congo now harnessing the power of the sun to run medical appliances. Here are some highlights of Mars off-grid solar system's fun
Do you like ?0
Read more -
Mars Half-Cell Solar Panel Vs Another Half-Cell Solar PanelTOPCon half-cell solar panels have the following features: 1. High efficiency: TOPCon’s silicon wafer efficiency can reach up to 25.2%, which is 2% higher than other solar panels. It is expected that by the second half of 2023, TOPCon can reach 26
Do you like ?0
Read more -
Introduction to Solar SystemsSolar systems have revolutionized the way we harness energy from the sun. In simple terms, a solar system refers to the use of photovoltaic panels to convert sunlight into electricity. This sustainable and renewable energy source has gained
Do you like ?0
Read more