Le Nu Thuy Duong, Vice Chairwoman of KN Holdings (center), and Heo Wook, Vice President of Global Investment at Samsung C&T (second from left), exchange the cooperation agreement. (Photo: KH Holdings)
Vietnam’s direct power purchase agreement (DPPA) framework is maturing, and green power projects based on the scheme are gradually taking shape. VinEnergo, the energy arm of Vingroup, will supply solar and storage systems to the group’s car and battery factories.
Meanwhile, a floating solar project developed by Vietnam’s KN Holdings and South Korea’s Samsung C&T is also set to prioritize supplying large consumers under the DPPA model.
Vietnam-Korea partnership on floating solar taps rising DPPA demand
KN Holdings and Samsung C&T recently signed a cooperation agreement to develop floating solar projects at three hydropower plants—KN Srepok 3, KN Ialy Gia Lai, and KN Ialy—in Vietnam’s Central Highlands.
