Vietnam Electricity (EVN) has announced that nearly 20,000 rooftop solar power projects with a combined capacity of 541.66 MWp were installed nationwide in the past seven months.
The 35MWp Nhon Hai - Ninh Thuan Solar Farm was inaugurated in the south-central province of Ninh Thuan on July 9.
The 45-MW Phuoc Ninh solar power plant was officially inaugurated in Thuan Nam district in south-central Ninh Thuan province on June 22.
The Prime Minister has requested the Ministry of Planning and Investment (MPI) propose suitable management solutions for solar power projects to ensure national security.
Nguyen Trai Secondary School in Ba Dinh district recently received a rooftop solar power system partially financed by Bach Khoa Investment & Development of Solar Energy Corporation (SolarBK) and Green Innovation and Development Centre (GreenID).
Electricity of Vietnam (EVN) is seeking investors in new electricity projects, including solar power plants on reservoirs, in an effort to ensure the safe and stable operation of the country’s electricity market.
The Ministry of Industry and Trade (MoIT) has said that transferring all or part of a solar power project was normal according to market rules and the Investment Law.
The Green Innovation and Development Centre (GreenID) hosted an online conference in Hanoi on April 11 on the second phase of the feed-in-tariff (FIT 2) and policies for the development of solar power in Vietnam after 2020.
The Government has officially decided to approve a new feed-in-tariff mechanism to encourage development of solar power in Vietnam.
A 450MW solar power plant, the largest of its kind in Southeast Asia, will be built in Phuoc Minh commune in the south central province of Ninh Thuan.
As many as 24,300 rooftop solar power projects with a total capacity of 465.8 MWp have been installed and put into operation by early March, according to the Electricity of Vietnam (EVN).
With the recent construction, Thailand’s Banpu Power Pcl. is cementing its footprint in Vietnam, taking the view that the country is a more promising investment destination.
More than 1,000 businesses located at processing, industrial and hi-tech parks in Ho Chi Minh City are set to have solar panels installed on their rooftops in the next few years in an effort to promote green development.
The Ministry of Industry and Trade (MoIT) has called for more solar power producers in Vietnam to enjoy fixed feed-in-tariffs (FIT) instead of a bidding mechanism.
The World Bank (WB)’s new approaches to bidding and deployment for solar projects will help Vietnam substantially boost and effectively manage its abundant solar energy resources.
The Ministry of Industry and Trade has proposed a new feed-in tariff 32% lower than the earlier incentive rate.
In 2030, wind and solar power will be more cost-effective than coal. According to the 2019 Vietnam Energy Outlook Report, the cost-effective capacity threshold will increase to more than 100GW by 2050, due to anticipated cost reduction in wind and solar technologies.
More and more households and commercial establishments in the southern province of Dong Nai are installing rooftop solar panels to generate electricity for their own use and to sell the surplus to the local utility.
Given its natural potential, robust government support and aspirations for the sector, Vietnam may become a solar power investment hotspot soon.
Vietnam Electricity (EVN) said on October 30 that it has signed a credit agreement for a solar power plant project with the French Development Agency (AFD).