VinEnergo Proposes $418 Million Floating Solar Power Projects in Lai Chau, Vietnam
November 3, 2026
VinEnergo is seeking environmental clearance for two floating solar power initiatives in Lai Chau, a mountainous province in northern Vietnam, with a combined investment of over VND10.8 trillion ($418.18 million). The Ministry of Agriculture and Environment is currently inviting public feedback on the environmental impact assessments for the Ban Chat 1 and Ban Chat 2 projects, which will have a total capacity of 550 megawatts.
The Ban Chat 1 project is designed to have a capacity of 250 MW and an investment of more than VND6.16 trillion ($238.53 million), covering approximately 844 hectares. It will feature 420,336 photovoltaic panels rated at 750 Wp each. Meanwhile, the Ban Chat 2 project aims for a capacity of 300 MW with an investment exceeding VND4.64 trillion ($179.65 million), spanning nearly 939 hectares and incorporating around 370,160 solar panels rated at 640 Wp each.
In addition to the floating solar installations, Ban Chat 2 will include a 35/220 kV outdoor substation, a 220 kV transmission line to connect with the national grid, and facilities for monitoring and management. The Lai Chau authorities approved the investment policies for both projects earlier this year, with construction expected to commence in October 2026 and commercial operations targeted for late October 2028.
Source: The Investor. Read the full article.