Banpu, SolarBK to jointly supply 390 MW rooftop solar power in Vietnam

Banpu NEXT, a subsidiary of Thailand’s leading renewable energy firm Banpu, and SolarBK, a leading clean energy company in Vietnam, will jointly provide at least 390 MW of rooftop solar power in Vietnam.

Banpu NEXT and SolarBK have established a joint venture for the move, the Thai firm said on Friday.

The joint venture will focus on solar power development for the commercial and industrial (C&I) sector in Vietnam.

The joint venture strives to provide service to export manufacturers, eco-industrial parks, high-tech parks, and data centers.

This move aligns with Vietnam’s ambitious renewable energy goals, with electricity generation projected to reach 124.57 billion kWh by 2025 with an anticipated annual growth rate of 3.35%, according to Banpu.

Vietnam’s rapid expansion in renewable energy, driven by government incentives and a growing commitment to sustainable development, makes the country a prime market for the sector.

As of end-2024, Banpu, the parent entity of Banpu Next, had three renewable energy projects in Vietnam. The 37.6-MW El Wind Mui Dinh wind power plant and the 35-MW Nhon Hai solar power plant, both in Ninh Thuan province, are operational. The 80-MW Vinh Chau wind power plant in Soc Trang province is waiting for commercial opeation date (COD) approval.

Meanwhile, Banpu Next reached a total committed capacity of 53.1 MW in Vietnam for rooftop and floating solar power in Vietnam.