Mega Solar Project was published on The Daily NNA Vietnam

Fujiwara inc invested 64 million USD (720 million yen) to the 64 MW generating power plant in the Nhon Hoi economic zone. Its yearly electric generation capacity is 117 GWh and it will provide electricity for 55,420 families.

According to the International Energy Agency (IEA), Japan’s solar power generation capacity is 42.8GW, which is the second in the world. But Mr. Suzuki points the reasons they decided to invest in Vietnam below:

・Daylight hours in Vietnam are long

・Difficulty to connect new solar power generation plants to power grids in Japan

On the other hand, there is uncertainty about the loans from Japanese banks, because there are no government guarantees from Vietnam for mega solar projects. Mr. Suzuki mentions that this project may not bring a big profit, but it is important to be a top runner in the field.

To read the full article (PDF) ⇒NNA_IC_171102