Vietnam solar capacity 2025: Ambitious national solar power goals
Vietnam’s Ministry of Industry and Trade (MOIT) has set a target to increase the nation’s solar power capacity to 16 GW by 2025. The plan aims to achieve a 13.7% share of solar energy in the national electricity mix, with both rooftop and ground-mounted solar installations. This is a strategic move to ensure a stable supply of affordable and sustainable energy, addressing both current and future energy needs.
Key milestones in Vietnam solar capacity 2025 development
The MOIT’s ambitious plan reflects Vietnam’s commitment to renewable energy. Currently, the country’s solar power capacity stands at 8.74 GW, accounting for 8% of the national energy mix. By 2025, Vietnam aims to have solar power make up 13.7% of the energy mix, with a specific goal of increasing rooftop solar systems’ capacity to 3 GW. This strategic focus is detailed in a report by PV magazine.
Vietnam solar capacity 2025 growth and future projections
To meet these targets, the MOIT plans to develop a significant solar project in Kon Tum Province, expected to contribute an additional 2 GW to the grid by 2025. Vietnam benefits from its abundant solar resources, receiving about 1,600 to 2,700 hours of sunshine annually, positioning the country as a leading market for solar energy.
From 2017 to 2019, Vietnam made remarkable strides in solar power, reaching a capacity of 16.5 GW by the end of 2020. This growth was primarily driven by an attractive feed-in tariff (FIT) mechanism that drew both local and international investment. Despite facing challenges, Vietnam remains committed to renewable energy, with an eye on achieving 20 GW of solar capacity by 2030, which would represent 19% of the total installed capacity.
Economic impact of Vietnam solar capacity 2025
The solar energy sector is a vital component of Vietnam’s economy, creating jobs, attracting investment, and enhancing energy security. It also plays a significant role in reducing greenhouse gas emissions, supporting global efforts to combat climate change and promote sustainable development.
Vietnam’s Solar Energy Development Program 2020-2025 outlines critical measures to achieve its renewable energy targets. These include streamlining administrative processes for project approvals, developing a transparent pricing mechanism, and improving grid infrastructure to accommodate the influx of renewable energy. Furthermore, the government plans to offer financial support and incentives for renewable projects, particularly in remote regions.
The program also emphasizes research and development in solar technology, encouraging collaboration between domestic and international research institutions to drive innovation and enhance solar energy systems’ efficiency.
The Vietnamese government’s dedication to solar energy development is evident through its ambitious targets and supportive policies. By 2025, Vietnam aims for a solar power capacity of 16 GW, contributing 13.7% to the national electricity mix. This vision is supported by a comprehensive development program designed to create a favorable environment for investment and innovation in the solar energy sector.
