BCG signs with Unisun and Coara for solar energy project

July 05, 2017 | 22:16

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Bamboo Capital has signed a cooperation agreement with Unisun Energy Group (Hong Kong) and Coara Solar (Germany) for a 40 megawatt solar energy project in the southern province of Long An.

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This $40-million project will be the second solar power plant of BCG in Long An. Similar to the first 100MW plant owned by Hanwha-BCG Bang Duong Joint Venture, this 40MW plant will start construction in the first quarter of 2018 and is expected to generate power already in the second quarter of 2019.

At the moment, Long An has approved the allocation of 175 hectares of land for BCG to start implementing these two projects.

BCG signs with Unisun and Coara for solar energy project

Representatives of BCG, Unisun Energy, and Coara Solar at the signing ceremony

With vast experience in the development and construction of renewable energy projects, Coara Solar will be involved as an EPC contractor providing technology, engineering, and installation consultancy. Unisun Energy Group will invest and finance the entire project. Meanwhile, BCG will take care of the paperwork, investment licence, and negotiate on the Power Purchase Agreement (PPA) with EVN.

“Partnerships with globally well-known corporations like Unisun Energy (Hong Kong), Coara Solar (Germany), and Hanwha (Korea) will support BCG's continuous and rapid growth in the renewable energy sector, which is currently a dynamic and attractive sector in Vietnam,” Nguyen Ho Nam, chairman of BCG, said. “The cooperation reflects investors’ confidence in BCG’s capability to meet international standards as well as the ability to execute business plans that deliver long-term value for the company’s partners, shareholders, and the society as a whole.”

Having set the goal of becoming one of the leading companies in the field of renewable energy in Vietnam, apart from the two solar projects in Long An, BCG also plans to launch and implement other solar projects in Quang Nam and Gia Lai provinces.

By By Huong Thu

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