Waaree Energies bags 60 MW solar project in Vietnam

Solar power solutions provider Waaree Energies Friday said it has bagged a contract to set up 60 megawatt (MW) ground mounted solar project in Vietnam.

The project, which is being developed in association with a leading utility scale provider, on turnkey basis, will marks Waaree Energies' expansion to South East Asia market, the company said in a statement.

Being developed in Khanh Hoa province of the country, the project has been approved by EVN (Vietnam Electricity) for 60 MW and is expected to generate 106,000 units per year, once commissioned, it added.

The power generated will be used for feed-in tariff, which will further aid in adoption of solar energy in the country, which has set a target to set up 12,000 MW of solar power capacity, the statement said.

"Waaree Energies has been a preferred EPC player in India, and is committed towards making solar energy affordable and accessible. We plan to extend this commitment globally and are actively looking at opportunities that aid transition to solar power," Sunil Rathi, director- sales and marketing, Waaree Energies.

He said the company already have a pipeline of 100 MW to be executed in next six months internationally and 250 MW in the country.