This morning Natcore issued a new release that the market is taking note of. After signing a number of contracts to help consult on large solar projects around the world the project in Vietnam just received government approval!
This is a huge step to moving this project forward and showing the benefit to Natcore’s bottom line. While the Company continues to advance its more efficent and lower cost solar cell technology these consulting projects will help bring cash in as well as provide Natcore with direct access to solar cell producers. This is just the start of moving the Vietnam project forward but so far 2017 is kicking off on a positive note for Natcore.
Here are some initial comment from Natcore President and CEO Chuck Provini…
Below is a press release that was disseminated this morning. It describes two critical steps in the progress in the progression of the Vietnamese Solar Project. The first step was having this project named on the government approved list. The second, having this particular power plant approved by Binh Thuan Province People’s Committee.
These are critical steps in the progression of this power plant. As a result of these approvals, we have also completed the necessary feasibility study by engaging a well-known and experienced European engineering company who is part of our Best of Breed Team.
Local Vietnamese partners will now apply for the necessary local permits to actually start the project.
We are receiving proposals and bids on panels, inverters, frames etc., as well as proposals from different engineering, and procurement companies (EPC’s).
We are in constant dialog with the various partners and are very pleased with the progression and efficiency in which the in-country team works.
Best,
Chuck