May 28 (Renewables Now) - Japanese company Idemitsu Kosan Co Ltd announced on Monday it has completed the construction of a 49.5-MW photovoltaic (PV) park in Khanh Hoa Province, Vietnam.
The solar plant, the given capacity of which is in direct current (DC), was installed on a 60-hectare site in Cam Ranh City. It is Idemitsu's first solar power plant in South East Asia.
Local state-owned power company Vietnam Electricity will be the purchaser of the plant's output under a 20-year contract based on the feed-in tariff (FiT) set by the Vietnam government. The PV park is expected to be generating approximately 78,600 MWh per year, the firm stated.
The project company, Song Giang Solar Power JSC, is a joint venture between an Idemitsu unit, Viet Khanh JSC and Dragonfly Capital Ventures LLC.