Sharp Builds Mega Solar Power Plant in Ninh Thuan Province, Vietnam

Hamburg, 30^th June 2020 – Sharp Energy Solutions Corporation (SESJ), a subsidiary of Sharp Corporation, specializing in energy solutions such as the sales of PV systems and the installation of electrical equipment, announces the completion of a mega solar power plant in Ninh Thuan Province, Vietnam. The project was a collaboration with multiple partners, including T&T Group Joint Stock Company (T&T), a Vietnam-based conglomerate operating in multiple industries, such as investment, real estate, finance, healthcare, and logistics, and T&T affiliate Ninh Thuan Energy Industry Joint Stock Company.

Ninh Thuan Energy Industry will be in charge of operating the new plant.

The new plant has an output of approximately 45 MW-dc, with an annual power generation capacity estimated at 76,373 MWh/year. This is equivalent to the amount consumed in a year by about 40,500 average Vietnamese households. SESJ has so far constructed five solar power plants in Vietnam, for a combined capacity of approximately 245 MW-dc. This new plant will raise the total capacity to approximately 290 MW-dc. The Vietnamese government has formulated a plan*6 to raise solar power generation capacity in the country to 12,000 MW by the year 2030. SESJ will leverage the technologies and know-how it has gained from the construction of power plants and remains committed to spreading renewable energy in Vietnam.

With the Sharp Energy Solutions project team in Hamburg, Sharp Europe is able to support with project development across the EMEA region. The main focus of the team is the development of project rights outside state funding programs and refinanced via PPAs.

In addition, the EMEA project team looks after the development of large-scale projects benefiting from the Joint Crediting Mechanism (JCM). The Joint Crediting Mechanism is a project-based loan program launched by the Japanese government, to help promote the extension of low carbon technologies in 17 different countries. As a Japanese corporation, Sharp is able to provide access to a subsidy of up to 50% on PV panels and BOS articles.