Is solar power a viable energy generating option for Vietnam?

EXECUTIVE SUMMARY Solar power is an increasingly attractive electricity generating option for Vietnam thanks to recent cost reductions, fast construction, and the contribution solar power can make to ensuring energy security and environmental sustainability.

Can Vietnam achieve 12 GW of solar power capacity by 2030?

To meet the countrys target of having 12 GW of solar power capacity installed by 2030, the Government of Vietnam should consider a deployment strategy that builds experience, lowers costs, and maximizes economic benefits.

Which photovoltaic companies invest in Vietnam?

Photovoltaic manufacturing industry in Vietnam The most active photovoltaic company investing in Vietnam is Trina Solar. Trina Solar is also the largest photovoltaic manufacturing company in Vietnam, manufacturing solar power systems that work with inverters such as 2000w pure sine wave inverter and power inverter 3000w.

How much solar energy does Vietnam have?

In terms of installed capacity, as of July 2021, the total installed capacity of solar energy in Vietnam was approximately 19,400MWp (of which nearly 9,300MWp is household photovoltaic, accounting for nearly half), which was equivalent to 16,500MW, accounting for approximately 25% of the country's total installed electricity capacity.

How much power does Vietnam have in 2021?

The country’s total installed capacity as of 2021 was 76.6 GW, an increase of 60% from 2018s 47.8 GW. While having traditionally relied heavily on coal for power generation, Vietnam has significant potential for hydropower, wind, and solar (Fig. 2 ).

Who owns the electricity in Vietnam?

In 2017, Vietnam[s installed electrical generating capacity was 42.1 GW. Of this, 26 GW (accounting for 61 percent of the total power system) was owned directly by Vietnam Electricity (EVN) and the generating companies operating under its aegis (EVN GENCOs 1, 2, and 3).