ADB signed a $37 million loan agreement with Da Nhim-Ham Thuan-Da Mi Hydro Power Joint Stock Company (DHD) to finance the installation of a 47.5 floating PV solar power facility on October 2, 2019. The project marks the first large-scale installation of floating solar PV panels in Vietnam and the largest installation in Southeast Asia. The floating PV system will be built on a man-made reservoir in Southern Vietnam where DHD operates its existing 175 MW Da Mi hydropower plant and will help in boosting the share of renewable energy in Vietnam’s overall energy mix. DHD is a subsidiary of the Vietnam Electricity Power Generation Corporation 1 and currently owns and operates four hydropower plants – Da Mi (175 MW), Ham Thuan (300 MW), Da Nhim (160 MW) and Song Pha (7.5 MW).
