On 27/1, Quang Ngai provincial authorities convened to discuss updating Hoa Phat's proposal into the provincial plan for the 2021-2030 period, with a vision to 2050.
Hoa Phat's strategic move aims to secure a stable and clean energy supply for its extensive steel production operations in the province. The proposed projects are designed to mitigate potential localized power shortages and ensure the company's products comply with increasingly stringent international green export standards.
The company will undertake two solar power projects in Van Tuong commune, a central area of the Dung Quat Economic Zone. The largest is the Van Tuong solar power complex, spanning 184 hectares with a capacity of 150 MW. This complex will integrate both ground-mounted solar and floating solar power systems on Go Lang and Hoc Mua lakes.
The second project is located at Tan Hoa lake, opposite Hoa Phat's phase 2 iron and steel complex. This facility will cover 12 hectares and feature a 10 MW floating solar power capacity.
The remaining two projects are situated on land designated for the Dung Quat industrial urban area and forestry land in Binh Son commune (formerly Binh Nguyen commune). These projects will occupy areas of 149 hectares and 224 hectares, with installed capacities of 140 MW and 200 MW, respectively.
According to Hoa Phat Dung Quat, the demand for electricity in steel production at Dung Quat is significant. Local supply is projected to face localized shortages soon, posing risks of strain on grid operation and power transmission. Proactively securing clean energy sources will alleviate strain on the national grid and enable the company's steel products to meet green standards for international export markets.
This new initiative builds upon Hoa Phat's previous renewable energy efforts. In late 2025, the company commenced construction on phase 1 of its rooftop solar power project (5 MW) and plans to expand its capacity to over 79 MW across its workshops.
The proposed solar projects align with Vietnam's national energy strategy. Under the revised Power Development Plan 8, renewable energy, including solar, wind, and biomass, is a development priority. The plan targets renewable energy to account for 28-36% of the total power mix by 2030 and 74-75% by 2050, excluding hydropower.
Solar power is projected to reach a total capacity of 46,459-73,416 MW within the next four years. The government also aims for 50% of public buildings and 50% of households to use self-produced, self-consumed rooftop solar power by 2030.
Pham Linh
