Sunseap International begins construction of its US$150 million solar farm in Vietnam at a groundbreaking ceremony.
Sunseap's 168MWp solar farm is expected to reach commercial operation by June 2019 and once completed, will generate enough electricity to power up to 200,000 households in Vietnam and create permanent jobs for over 200 local workers.
Mr Frank Phuan, Co-Founder and Director of Sunseap, said: "We are excited to reach another important milestone in this solar project for Vietnam and for Sunseap. It is testament to the government's commitment to promoting renewable energy and to supporting foreign investments in this sector."
"For Sunseap, this marks a significant step in our efforts to bring affordable, reliable and clean energy to beyond Singapore. As our name implies, we want the sun to be a major contributor to a sustainable future for Southeast Asia and the Pacific region."
Mr Pham Van Hau, Vice Chairman of Ninh Thuan People's Committee, said: "Within eight months of receiving the decision on investment policy, the investor has showed great efforts to acquire all relevant permits and meet all the necessary conditions so that today, this 168MWP solar power plant can officially break ground."
"With the support of local authorities and the community, I believe this project will be implemented smoothly and be commercially operational on time."
Mr Tan Soon Kim, Assistant Chief Executive Officer, Enterprise Singapore, said: "We have seen traction in renewable energy projects in Vietnam, particularly in the solar energy sector. We hope to partner more companies to tap these growing opportunities in the market. The recent Memorandum of Understanding we have signed with Vietnam Electricity and Renewable Energy Authority aims to bring in more potential downstream opportunities for Singapore companies."