EDP Renováveis Enters Vietnam with Solar Energy Project
EDP Renováveis, the renewable energy company of the EDP group, signed a contract with Trina Solar, one of the world's leading manufacturers of photo-voltaic and intelligent energy solutions, to acquire a 28 MWac photo-voltaic solar energy project, totaling 30.3 million euros. The Trung Son photo-voltaic solar energy project, located in Khanh Hoa Province, Vietnam, has been in operation since December 2020 and has a Power Purchase Agreement signed with Vietnam Electricity (EVN), at a tariff of 20-year acquisition.
Entering Vietnam is part of the EDP Renováveis Business Plan for 2021-25 and represents the first step towards establishing its presence in Asia. The company will continue to invest in expanding into new geographies as a part of its 20GW growth plan until 2025, further strengthening its position as the global leader in renewable energies.