Vietnam’s TTC set to launch three solar projects

Vietnamese conglomerate TTC Corporation will start the construction of the country’s first three solar power projects in the first half of 2018. The three projects are located in the central and southern provinces of Vietnam and will have a total capacity of around 150 MW, with a combined investment of nearly $132 million. TTC has a long-term plan to increase its overall solar capacity to 700 MW by 2020 and to 1,000 MW by 2025. This would entail a total investment of around $1 billion. To this end, the company has signed a strategic partnership agreement with the Armstrong South East Asia Clean Energy Fund and the International Financial Corporation, which have a combined 36 per cent ownership in TTC’s energy unit.

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