ADB, DHD deal to provide first large-scale floating solar PV in Vietnam
The Asian Development Bank (ADB) today signed a $37 million loan agreement with Da Nhim – Ham Thuan – Da Mi Hydro Power Joint Stock Company (DHD) to finance the installation of a 47.5 megawatt (MW) peak floating photovoltaic (PV) solar power facility on the man-made reservoir of DHD’s existing 175 MW Da Mi hydropower plant.
The project marks the first large-scale installation of floating solar PV panels in Vietnam and the largest installation in Southeast Asia.
Speaking at the event, ADB Private Sector Operations Department Deputy Director General, Christopher Thieme, said that this project would 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.
“The pairing of these two clean energy technologies—hydropower and solar—is a simple but a highly innovative achievement which can be replicated elsewhere in Vietnam and across Asia and Pacific,” he said.
