The authorities of the Daklak province in Vietnam have granted several licenses for the development of solar power projects with a combined value of US$3.3bn.
The US company AES Corporation has signed a Memorandum of Understanding (MoU) with the Daklak province authorities regarding the development of a solar project worth US$750m. Under the frame of this agreement, AES Corporation agrees to invest this sum in a solar plant which is expected to reach a capacity of 300-500 MW.
In addition, the Vietnamese firm Xuan Thien Daklak has been granted a governmental license for a 2 GW solar power project. The company will invest US$2.2bn in the project.
Finally, the Vietnamese company Long Thanh Infrastructure Development and Investment Company will invest US$308m in a 250 MW solar power project in the province.
All these projects occur in a context of development of renewable energies in the country which has been mostly reliant on coal-fired and hydro plants for its demand.
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