The Shinsung Group from the Republic of Korea (RoK) kicked off two solar power projects worth a total of nearly 2.4 trillion VND (about 110 million USD) in the Central Highlands province of Dak Nong.
As traditional sources of energy like coal and petroleum are quickly becoming exhausted, resulting in high prices and unstable supply, Vietnam is seeking renewable resources.
Deputy Prime Minister Hoang Trung Hai has urged the Ministry of Industry and Trade to offer investment, tax and price incentives for the development of renewable energy, including solar power.
Central Thua Thien-Hue province is utilising renewable energy sources like hydro, solar and biomass power to serve daily use, addressing environmental pollution and saving expenses.
Central Quang Binh province started work on a 13.7 million USD project
in Bo Trach district on July 1 to supply solar power to far-flung areas
outside the reach of the national grid.