A private financing deal helped build Southeast Asia’s largest floating solar project in Viet Nam

A $37 million (S$50.7 million) financing package from the Asian Development Bank, Canadian Climate Fund for the Private Sector in Asia, and Leading Asia’s Private Infrastructure Fund (LEAP) has assisted Da Nhim–Ham Thuan–Da Mi Hydro Power Joint Stock Company (DHD) to build the first large-scale floating solar PV panels in Viet Nam and the largest installation in Southeast Asia.

The 47.5 MW floating solar project supports Viet Nam’s commitment to boosting the share of renewable energy in the country’s overall energy mix. The increased supply of clean power to the domestic grid is expected to generate more than 60,000 megawatt-hours of electricity per year.

The solar panels are installed on the man-made reservoir of DHD’s existing 175 MW Da Mi hydropower plant. This innovative use of combining solar power and hydropower technologies is envisioned to be replicated elsewhere in Viet Nam and across Asia and the Pacific.