Construction begins on 450MW solar power plant in Tay Ninh
VGP – Xuan Cau Holdings on Tuesday began construction of a 450MW solar power plant in the southern province of Tay Ninh.
The groundbreaking ceremony of Xuan Cau Holdings' 450MW solar power plant in the southern province of Tay Ninh, August 4, 2026
The project, with total investment capital of VND7,774 billion, is expected to come into operation in December 2027, generating around 808 GWh per year.
This is Xuan Cau Holdings' third solar power plant in Tay Ninh province and the 5th renewable energy project in Viet Nam.
In April 2025, the Government adopted the revised national power development plan in a bid to ensure sufficient power supply for the economy.
Under the revised plan, commercial electricity is expected to reach about 500.4 – 557.8 billion kWh by 2030; about 1,237.7 – 1.375.1 billion kWh by 2050.
Domestic electricity generation and electricity imports are projects to reach about 560.4 – 624.6 billion kWh by 2030; about 1,360.1– 1,511.1 billion kWh by 2050.
The Government expects that peek capacity would increase to about about 85,655 MW by 2030; about 202,732 – 228,570 MW by 2050.
Regarding energy transition, the Government plans to boost renewable energy development to increase the share of renewable energy (excluding hydropower) to around 28 – 36 percent by 2030; and 74 – 75 percent by 2050.
By 2030, onshore wind power capacity is projected to reach 26,066 MW (in comparison with Viet Nam's total technical potential of about 221,000 MW).
Offshore wind power capacity to serve domestic electricity demand will reach about 6,000-17,032MW by the end of this decade; and 113,503 – 139,097 MW by 2050./.