Vietnam dusol solar

How much solar power will Vietnam have in 2020?

Totaling 18 GW as of 2015, Vietnam’s hydroelectric generation capacity is expected to increase to about 21.6 GW in 2020 nonetheless. Turning to solar, Vietnam’s government aims to raise solar power capacity to 0.5 percent of national output by 2020, 3.3 percent by 2030 and 20 percent by 2050.

How much solar power does Vietnam have?

A tremendous amount of untapped solar energy resource potential exists in Vietnam, however. Estimates have pegged the country’s solar power potential at 60–100 GWh per year for concentrated solar power and 0.8-1.2 GWh per year for solar photovoltaic (PV) energy.

Who is Viet Sun?

Kiet, who hails from the coastal province, experienced the boom firsthand. Sensing the opportunities offered by falling solar panel prices and government incentives, Kiet in 2019 co-founded Viet Sun, one of about 100 companies that sprung up in Ninh Thuan at the time to install rooftop solar panels.

How much does solar cost in Vietnam?

Generally speaking, solar power producers will be able to qualify for tariffs as high as the Vietnamese dong equivalent of USD0.1087/kWh. Floating, ground-mounted and solar-plus-storage installations will be able to qualify for tariff payments of USD0.0667 and USD0.0944 per kWh, respectively.

Why are small-scale solar farms limiting their operations in Vietnam?

Across southern Vietnam and the Central Highlands, authorities are asking small-scale energy producers like Kiet and industrial solar farms alike to limit their operations due to infrastructure limitations.

How many clients does Viet Sun have?

With just 14 staff members, Viet Sun has had more than 300 clients to date, ranging from farmers to his former high school teacher. As with every boom, the bust soon followed. During the rollout of its latest FIT which ended in 2020, the government capped solar power eligible for the rate in Ninh Thuan at 2,000MW.