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Add to Preferred SourcesThe Asian Development Bank (ADB) 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 Viet Nam and the largest installation in Southeast Asia.
“This project will help to boost the share of renewable energy in Viet Nam’s overall energy mix and decrease the dependence on imported fossil fuels such as coal,” said ADB Private Sector Operations Department Deputy Director-General Mr. Christopher Thieme. “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 Viet Nam and across Asia and the Pacific.”
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. In 2018, it made commitments of new loans and grants amounting to $21.6 billion. Established in 1966, it is owned by 68 members—49 from the region.
Original source: ADB
Published on 02 October 2019