The Vietnamese solar industry is on the rise. PV power plants that are helping cover the population’s growing energy demand are being built around the country. The GELEX Ninh Thuan solar farm is new to the utility grid. Seven SMA Solar Technology AG (SMA) Medium Voltage Power Stations are installed in the 50 MW PV power plant. To date, SMA has supplied system technology with over 500 MW inverter power to Vietnamese photovoltaic projects, making the company one of the market leaders in the country.
“We are proud to use our decades of experience and our comprehensive portfolio of inverters, system solutions and innovative energy management systems to help cover Vietnam’s growing demand for electricity,” said Rakesh Khanna, Managing Director of SMA India & South East Asia. “Having already provided more than 500 MW PV inverter power to Vietnam, and with other projects in the pipeline, SMA is one of the market leaders in Vietnam and is playing a major role in the expansion of the country’s renewable electricity supply.”
Medium Voltage Power station offers perfectly harmonized components
“The turnkey SMA container solution Medium Voltage Power Station 6000 (MVPS) with preconfigured, perfectly harmonized components made easy transportation, simple installation and smooth commissioning of PV farms possible,” said Duong Pham Xuan, Project Manager of SCI E&C Joint Stock Company. “At the same time, power plant operator GELEX is benefiting from considerable system cost reductions and high energy yields.”
“Milestone project in the field of renewable energies”
“This project is a milestone for us,” said Thang Le Van, Director of Gelex Ninh Thuan Energy One Member Limited Company, a subsidiary of Gelex Energy One Member Limited Company, which is owned by Vietnam Electrical Equipment Joint Stock Corporation. “The GELEX solar farm is part of our commitment in the field of renewable energy and we are extremely satisfied with our decision to go with SMA. This constitutes a big step toward our goal of getting the most out of renewable resources.”
Ninh Thuan is a typically hot and dry area in the southern central part of Vietnam. It is less affected by storms than other areas of the country and has established itself as Vietnam’s center for renewable energy. The province has good solar potential, with an average of 2,600 to 2,800 hours of sunshine per year. There are 15 wind power projects and 27 solar power projects in the province, with capacities of almost 800 MW and more than 1,808 MW.
Another 54 MW solar project commenced operations back in April using SMA system solutions. The developer and operator of the 54 MW PV power plant in the southern Vietnamese province of Dak Nong is the country’s largest utility company, Vietnam Electricity (EVN). The solar power produced there is fed into the utility grid at a feed-in tariff (FiT) of $0.0935 (€0.88) per kWh.
Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.
“We are proud to use our decades of experience and our comprehensive portfolio of inverters, system solutions and innovative energy management systems to help cover Vietnam’s growing demand for electricity,” said Rakesh Khanna, Managing Director of SMA India & South East Asia. “Having already provided more than 500 MW PV inverter power to Vietnam, and with other projects in the pipeline, SMA is one of the market leaders in Vietnam and is playing a major role in the expansion of the country’s renewable electricity supply.”
Medium Voltage Power station offers perfectly harmonized components
“The turnkey SMA container solution Medium Voltage Power Station 6000 (MVPS) with preconfigured, perfectly harmonized components made easy transportation, simple installation and smooth commissioning of PV farms possible,” said Duong Pham Xuan, Project Manager of SCI E&C Joint Stock Company. “At the same time, power plant operator GELEX is benefiting from considerable system cost reductions and high energy yields.”
“Milestone project in the field of renewable energies”
“This project is a milestone for us,” said Thang Le Van, Director of Gelex Ninh Thuan Energy One Member Limited Company, a subsidiary of Gelex Energy One Member Limited Company, which is owned by Vietnam Electrical Equipment Joint Stock Corporation. “The GELEX solar farm is part of our commitment in the field of renewable energy and we are extremely satisfied with our decision to go with SMA. This constitutes a big step toward our goal of getting the most out of renewable resources.”
Ninh Thuan is a typically hot and dry area in the southern central part of Vietnam. It is less affected by storms than other areas of the country and has established itself as Vietnam’s center for renewable energy. The province has good solar potential, with an average of 2,600 to 2,800 hours of sunshine per year. There are 15 wind power projects and 27 solar power projects in the province, with capacities of almost 800 MW and more than 1,808 MW.
Another 54 MW solar project commenced operations back in April using SMA system solutions. The developer and operator of the 54 MW PV power plant in the southern Vietnamese province of Dak Nong is the country’s largest utility company, Vietnam Electricity (EVN). The solar power produced there is fed into the utility grid at a feed-in tariff (FiT) of $0.0935 (€0.88) per kWh.
Disclaimer:
This press release serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This press release can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.
