Bitexco's 50 MW PV project in Vietnam has been successfully connected to the 
grid

Keeping costs under control and establishing an affordable connection to the 
grid are the two keys to success for PV makers operating in international solar 
markets, with maximization of the benefits that PV power stations can deliver 
to a local community becoming the key factor for major PV companies wishing to 
enhance their competitiveness. Risen Energy, a leading China-based PV solutions 
provider that's traded as an A-share on China's Shenzhen Stock Exchange, 
recently announced that the NHI HA 50MW solar power station project owned by 
Vietnam-based Bitexco Group's subsidiary Thap Cham Solar, from which Risen 
Energy won the bid last October, has been successfully connected to the grid. 
The high quality of the project makes it one that is representative of PV 
facilities connected to the grid in Vietnam prior to June 30, allowing the 
facility to benefit from the country's nationwide feed-in-tariff (FiT) subsidy 
for PV installations.

https://photos.prnasia.com/prnh/20190702/2511626-1

Bitexco Group is one of the top ten shopping mall and hotel developers in 
Vietnam, in addition to being a provider of hydraulic engineering as well as 
road and highway engineering services. Its subsidiary's 50 MW facility is 
located in Ninh Thuan, Vietnam. Risen Energy, the engineering, procurement and 
construction (EPC) contractor, provided the facility with 5 main-grid 1500 V 
high-voltage components. Risen Energy said that the successful grid connection 
does not only help the company benefit from the subsidy, but also give local 
residents access to environmentally responsible and clean PV power. The 
facility will also further improve and optimize the local energy structure in 
Vietnam. 

Vietnam, a Southeast Asian country in which over 85% of the PV power stations 
(when measured by size) belong to the country's public utilities, is set to 
achieve installed capacity of 12 GW of PV plants by 2030. With the aim of 
further promoting development of the Vietnamese PV market, the government is 
considering introducing new PV incentives, and will set the terms of the 
subsidies based on the solar radiation intensity and project type in different 
regions. Before implementation of the new policy, power stations connected to 
the grid in Vietnam were enjoying a price of 9.35 US cents per kilowatt hour 
(kWh).

Zhuang Yinghong, global marketing director of Risen Energy, said, "With Risen 
Energy's efficient technologies and strong teamwork capability, the project has 
progressed successfully to a grid connection before the June 30 deadline. Prior 
to this project, Risen Energy's 61MW PV project with Tasco, a Vietnam-based 
company, had also been connected to the grid. These projects enhance our 
confidence in further expanding into the Vietnamese market. We are now 
accelerating the development of our portfolio in markets outside of our home 
country according to our roadmap, with the goal of raising the awareness of our 
brand as well as our leadership role in overseas markets. "

SOURCE: Risen Energy Co., Ltd