June 24 (Renewables Now) - Asian renewables developer Pacifico Energy KK announced Monday that its 40-MWp Mui Ne solar photovoltaic (PV) park in Phan Thiet city, Vietnam, started operations on June 12.
Built on a site of about 38 hectares (93.9 acres), the Mui Ne solar park will produce around 68 million kWh per year. State-owned power company Vietnam Electricity (EVN) will purchase all of the output at a price of USD 0.0935 (EUR 0.08) per kWh for a period of 20 years.
Construction of the Mui Ne solar park in the Binh Thuan province began on October 12, 2018. The engineering, procurement and construction (EPC) contract was awarded to TTCL Vietnam Corporation Ltd (TVC), while Orient Commercial Joint Stock Bank (OCB) has provided the long-term non-recourse project financing.
Pacifico will manage the Mui Ne park. The company's strategic partner for the Mui Ne project is Dragon Capital Group, a Vietnam-based asset manager.
(USD 1.0 = EUR 0.88)