Are there any solar power generation projects in Vietnam

How much solar power does Vietnam have?

As of 2020, Vietnam had over 7.4 gigawatts (GW) of rooftop solar power connected to the national grid. These renewable energy numbers surpassed all expectations. It marked a 25-fold increase in installed capacity compared to 2019’s figures. In 2021, the data showed that Vietnam now has 16.5 GW of solar power.

Does Vietnam invest in solar energy?

Vietnam has invested heavily in solar. Over the years, Vietnam has also undertaken a significant number of solar projects, most notably, The Dau Tieng Solar Power Complex, which is Southeast Asia’s largest solar project. Besides, solar energy projects in Vietnam have attracted a lot of FDI and private investment in the past few years.

Is Vietnam a good place to develop solar power?

With a high average annual total radiation, Vietnam is considered a place with special potential for developing solar power. In the world trend of restructuring the energy industry towards a clean and sustainable direction, the solar industry is expected to be a major contributor to the country’s renewable energy capacity in the near future.

What are the major solar companies in Vietnam?

Some of the major companies operating in the market include Song Giang Solar Power JSC, Vietnam Sunergy Joint Stock Company, Sharp Energy Solutions Corporation, Berkeley Energy Commercial & Industrial Solutions, and Tata power solar system LTD. The country’s solar PV capacity increased from 86 MW in 2018 to about 16,500 megawatts (MW) in 2020.

How many solar PV installations are there in Vietnam?

Source: IRENA According to the IRENA Renewable Energy Statistics 2021, the installed solar PV capacity in Vietnam was around 16,504 MW in 2020, up from 4,898 MW in 2019. The growth results from massive deployments of solar PV installations in Vietnam, particularly for utility projects. Source: IRENA Renewable Energy Statistic 2021

How much solar energy does Vietnam produce in 2021?

In 2021, electricity production from solar energy accounts for about 10.8% of the total electricity output of the whole system. Vietnam’s solar photovoltaic power industry has recently experienced strong development and this is only the beginning of the process. The country’s energy transition is away from coal.