Jetion Solar has completed its first engineering, procurement and construction (EPC) project in Vietnam.
The 50MW Thuan Minh 2 Solar Farm was constructed with the developer Helio Power and began commercial operation at the end of June. The project is the first of a 500MW pipeline for Jetion.
CNBM New Energy, a subsidiary of Jetion Solar, signed a cooperation agreement with Helio Power Vietnam to develop and construct 500MW of solar power plants.
Vietnam’s installed solar capacity has ballooned in the last year courtesy of generous subsidies and the decline of fears about bankability. Since June 2018, the country’s solar installs multiplied by a factor of 400, according to figures released last week.