ADB finances Vietnam’s first large-scale floating solar plant

Published onOctober 4, 2019

Vietnamese firm Da Nhim–Ham Thuan–Da Mi (DHD), a subsidiary of national utility EVN, has bagged a US$37 million loan from the Asian Development Bank (ADB) for a 47.5 MW floating solar project that is claimed to be the first and largest such project in the Southeast Asian nation. The project will be built on a man-made reservoir in Southern Vietnam where DHD operates its existing 175 MW Da Mi hydropower plant, co-locating the two energy technologies in a manner that is expected to be replicated elsewhere in Vietnam and across the Asia Pacific region. “This project will help to boost the share of renewable energy in Vietnam’s overall energy mix and decrease the dependence on imported fossil fuels such as coal,” said ADB Private Sector Operations Department deputy director general, Christopher Thieme.