The Bach Khoa Investment and Development of Solar Power Corporation (SolarBK Group) will be the only Vietnamese business participating in the Future of Energy Summit, organised by Bloomberg New Energy Finance, in Shanghai, China on November 28-29.

A solar power plant launched on the islet of An Bình of Ly Son Island, off the coast of Quang Ngai Province. 

Nguyen Duong Tuan, founder and CEO of SolarBK Group, said he would join a panel discussion themed "Vietnam’s Energy: Growth and Opportunities", at the two-day meeting.

Tuan said SolarBK has recently been awarded a license for the first ‘all-Vietnamese’ utility scale solar project in Da Nang, with a capacity of 4.4MW, and commissioned a number of rooftop projects in Viet Nam.

“We’ll join discussions on the opportunity for rooftop scale projects in Vietnam and the challenge of low retail tariffs while proposing such projects. We will also raise concerns on the management of credit risk, dispatch risk, as well as financing sources for projects,” Tuan said.

He said the World Bank and the Ministry of Industry and Trade (MoIT) of Vietnam will implement a pilot programme to auction solar power with a floor price of US$0.0935 per KWh, with an aim at accelerating the development of registered projects, while simultaneously luring in more new investment capital.

The HCM City-based group also launched a solar-powered lighting system and solar powered sea-water filtration system on Vietnam’s Truong Sa (Spratly) Islands and Song Tu Tay Island off the coast of Khánh Hỏa Province in 2014, and An Binh Islet of Ly SonIsland in Quang Ngai Province.  

In October, IREX Energy Joint Stock Company, a member of SolarBK Group, received orders for providing a One-Stop-Shop package, including solar power cells, panels, installation, a smart monitoring system (Solar System Operation Centre) and guarantees for customers in North America with total capacity of 300MWp (photo-voltaic cells).

The company has been developing solar-powered water heaters, wind power turbines, solar power-driven sea water filter systems and renewable use solutions.

Since April this year, with the issuance of Prime Minister Nguyen Xuan Phúc’s Decision 11/2017, solar power projects have been allowed to sell electricity at a fixed price of US$0.0935/kWh. — VNS