Vietnam solar project

Sharp Builds Mega Solar Power Plant in Ninh Thuan Province, Vietnam

Large 45 MW-dc output enough to power 40,500 households*1; power generation capacity of 76,373 MWh/year*2

Sharp Energy Solutions Corporation (SESJ)*3 announces the completion of a mega solar power plant in Ninh Thuan Province, Vietnam. The project was a collaboration with multiple partners, including T&T Group Joint Stock Company (T&T)*4 of Vietnam and T&T affiliate Ninh Thuan Energy Industry Joint Stock Company*5.

The new plant has an output of approximately 45 MW-dc, with annual power generation capacity estimated at 76,373 MWh/year. This is equivalent to the amount consumed in a year by about 40,500 average Vietnamese households. SESJ has so far constructed five solar power plants in Vietnam, for a combined capacity of approximately 245 MW-dc. This new plant will raise the total capacity to approximately 290 MW-dc. The Vietnamese government has formulated a plan*6 to raise solar power generation capacity in the country to 12,000 MW by the year 2030. SESJ will leverage the technologies and know-how it has gained from the construction of power plants and remains committed to spreading renewable energy in Vietnam.

*1 Calculated at 1,887 kWh per household.

*2 Estimate for the initial year of operation.

*3 SESJ is a subsidiary of Sharp Corporation, specializing in energy solutions such as the sales of PV systems and the installation of electrical equipment.

*4 A Vietnam-based conglomerate operating in multiple industries, such as investment, real estate, finance, healthcare, and logistics.

*5 This company will be in charge of operating the new plant.

*6 Source: the Vietnamese government’s 7th Power Development Plan (PDP7).