SK Ecoplant, BCG Energy Collaborate To Develop RE Projects In Vietnam

BCG Energy, Bamboo Capital Vietnam member, recently signed a cooperation agreement with SK ecoplant, a subsidiary of SK Group, and a renewable energy investor. They collaborated to build a solar and wind power plant with a capacity of 700MW in Vietnam. They signed a deal in Seoul on March 22, after which the two companies can jointly develop the 700MW project. This deal was designed to consist of 300MW of onshore wind power, 300MW of rooftop solar power, and 100MW of onshore solar power. Till December 2023, BCG Energy has operationalized a neared 700MW renewable energy capacity. The company plans to deploy an additional 229MW and plans to develop 670MW more in the future. Through this collaboration, they aim to seek out renewable energy projects with significant potential, including wind power production in the Central Highlands province of Gia Lai. Kim Jung-hoon, chief executive officer (CEO) of the company’s factory solutions business unit, stated, “With its diverse experience and specialized technical capabilities, SK ecoplant will be able to fully utilize Vietnam’s abundant renewable energy resources. The company is committed to contributing to global carbon reduction efforts and leading the way in addressing climate issues based on the renewable energy value chain. — VNS” Earlier this year, Germany based Bernreuter Research in its report on Polysilicon shipment found a drop in Polysilicon imports into China. The report stated, this fall has led to the lowest level since 2011. According to the report the Chinese customs statistics, imports of the feedstock for solar cells and semiconductors slumped by 28.5% i.e., from 88,093 metric tons (MT) in 2022 to 62,965 MT in 2023. This volume is slightly less than the 64,614 MT reached in 2011. According to the report, “The non-Chinese polysilicon manufacturers Wacker, Hemlock Semiconductor and OCI Malaysia are increasingly shifting their shipments from China to Vietnam, where three of the four largest Chinese solar module suppliers have established wafer plants,” explains Johannes Bernreuter, head of the polysilicon market specialist Bernreuter Research. He also authored the Polysilicon Market Outlook 2027.