HO CHI MINH CITY -- Vietnam's TTC Group is planning to sink about $1 billion into solar energy projects in a country still dependent on coal-fired thermal and hydro power for its power needs, with national electricity demand growing faster than 10% annually.
TTC Group, a sugar, energy and real estate conglomerate, said it plans to build as many as 20 solar parks with a total capacity of 1,000 megawatts by next year. The group executed a number of clean energy projects using sugarcane waste before moving into the solar sector.
