Vietnam Breaks Own Record as Solar Capacity Surges

Vietnam Breaks Own Record as Solar Capacity Surges

Vietnam breaks own record as solar capacity surged in 2020

Its solar installations added 9.3 gigawatts to the national grid.

Vietnam has increased its solar capacity by eight times, with a series of rooftop solar installations adding 9.3GW to its national grid during 2020.

This is much higher than the 378MW it had in 2019. The ASEAN Post noted that of the 9.3GW installed capacity, some 6.0GW worth of installations were built only in December 2020, just before the rooftop feed-in-tariff expired.

In 2019, Vietnam’s installations added 4.5 GW in the national grid in less than two years after the feed-in-tariff launch. The country’s new record makes it the world’s third largest solar market in 2020.

Vietnam now has around 101,000 rooftop solar installations as it attracted investment deals from residential and commercial sectors.

This effort to increase renewable energy source is also in line with the new Power Development Plan 8 draft that showed Vietnam wants renewable energy to dominate the sector up to 2030 and further to 2045.

Under the PDP 8, Vietnam will likely stop new coal-power plants and prevent additional coal-fired plants between 2026-2030. The Asean Post noted 9.5 GW coal projects previously included in the PDP have been removed, whilst a 7.6 GW coal project has been pushed back until after 2030.

Solar and wind is expected to provide 28% of the total system capacity in 2030 and 41% in 2045.

If the renewable energy sector of Vietnam continues to grow, it will contribute largely to ASEAN countries target that 23% of its overall power mix should be renewable by 2025.

Akhyari Hananto

I began my career in the banking industry in 1997, and stayed approx 6 years in it. This industry boost his knowledge about the economic condition in Indonesia, both macro and micro, and how to More understand it. My banking career continued in Yogyakarta when I joined in a program funded by the Asian Development Bank (ADB),as the coordinator for a program aimed to help improve the quality of learning and teaching process in private universities in Yogyakarta. When the earthquake stroke Yogyakarta, I chose to join an international NGO working in the area of ?disaster response and management, which allows me to help rebuild the city, as well as other disaster-stricken area in Indonesia. I went on to become the coordinator for emergency response in the Asia Pacific region. Then I was assigned for 1 year in Cambodia, as a country coordinator mostly to deliver developmental programs (water and sanitation, education, livelihood). In 2009, he continued his career as a protocol and HR officer at the U.S. Consulate General in Surabaya, and two years later I joined the Political and Economic Section until now, where i have to deal with extensive range of people and government officials, as well as private and government institution troughout eastern Indonesia. I am the founder and Editor-in-Chief in Good News From Indonesia (GNFI), a growing and influential social media movement, and was selected as one of The Most Influential Netizen 2011 by The Marketeers magazine. I also wrote a book on "Fundamentals of Disaster Management in 2007"?, "Good News From Indonesia : Beragam Prestasi Anak Bangsa di dunia"? which was luanched in August 2013, and "Indonesia Bersyukur"? which is launched in Sept 2013. In 2014, 3 books were released in which i was one of the writer; "Indonesia Pelangi Dunia"?, "Indonesia The Untold Stories"? and "Growing! Meretas Jalan Kejayaan" I give lectures to students in lectures nationwide, sharing on full range of issues, from economy, to diplomacy Less
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