Installing solar power generation in Quy Nhon

Can Vietnam achieve 12 GW of solar power by 2030?

To meet the country’s 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.

Can Ho Chi Minh city develop a solar PV system?

The results show that Ho Chi Minh City could develop up to 6.4 GW of solar PV capacity. About a quarter of this potential corresponds to public and industrial buildings, which are the most suitable in terms of rooftop area and the ability/willingness of owners to install PV systems.

Can solar projects be financed in Vietnam?

Owing to the current contractual structure proposed by the government, most solar projects in Vietnam are expected to be financed under a corporate loan or at 100 percent equity, with refinancing possible at a later stage.

Does EVN comply with Vietnam's solar fit regulations?

EVN’s rating aligns with Vietnam’s sovereign rating. The PPA template that accompanies Vietnam’s solar FIT regulations does not follow international standards, in that it contains imprecisions with regard to monthly payments, termination clauses, and curtailment.

Will a solar auction be a good investment in Vietnam?

A well-organized solar auction in Vietnam in 2019 could result in power purchase agreements with prices of US$0.055–0.065/kWh over 25 years (in levelized real terms and with an appropriate allocation of contractual risk).

What is Da Nang's solar PV capacity?

About a quarter of this potential corresponds to public and industrial buildings, which are the most suitable in terms of rooftop area and the ability/willingness of owners to install PV systems. In the case of Da Nang, the total solar PV capacity is 1.1 GW, of which 41 percent corresponds to public and industrial buildings.