Vietnam solar capacity reaches new heights in renewable energy
Vietnam is on track to achieve an impressive solar capacity of 16 GW by 2025, primarily powered by small-scale rooftop solar projects. This significant development marks a major milestone in the country’s renewable energy journey, with solar power expected to comprise 4.3% of Vietnam’s total installed capacity and 3.3% of its electricity output. For more insights into Vietnam’s solar energy sector, check out the Vietnam Solar News Archives.
The expansion of solar capacity is integral to Vietnam’s broader energy strategy, known as PDP8. Under this plan, the nation aims to reach 29.3 GW of solar capacity by 2030, accounting for 7.9% of total installed capacity and 5.5% of electricity output. By 2035, this capacity is projected to grow to 41.1 GW, making up 10.8% of installed capacity and 8.5% of electricity output. By 2040, the capacity is expected to reach 52.6 GW, and finally, by 2050, Vietnam aims for 70.8 GW, contributing 15.8% of installed capacity and 13.9% of electricity output.
Government’s support drives Vietnam solar capacity expansion
The Vietnamese government has been actively encouraging the development of solar power, especially through small-scale rooftop projects. Solar power is viewed as a key solution for meeting the country’s growing electricity demand, particularly in regions with high solar potential. The government has also been focusing on developing solar power in areas that show a more balanced electricity generation and consumption, such as the North Central and Northern regions.
In a bid to support these efforts, the government is promoting a mix of small-scale rooftop and on-site solar projects, expected to be approved based on the demand for renewable energy certificates and supply contracts between investors and electricity buyers. Furthermore, the government is planning to develop large-scale solar power projects, including those equipped with energy storage systems, which will be connected to the national grid and participate in the electricity market. For additional context on global solar manufacturing capacity growth, visit Global Solar Manufacturing Capacity to Reach 1.8 TW by 2025.
Rooftop solar projects boost Vietnam solar capacity growth
Rooftop solar projects are anticipated to play a pivotal role in Vietnam’s solar capacity growth. These projects are relatively easy to install and can quickly supply additional electricity where it is needed most. The government is concentrating on high solar potential areas, such as the North Central and Northern regions, where the balance between electricity generation and consumption is more favorable.
Under the PDP8 plan, small-scale rooftop and on-site solar projects will be approved based on renewable energy demand and supply contracts between investors and electricity buyers. These projects will contribute to Vietnam’s renewable energy goals and help reduce the country’s reliance on fossil fuels. Dive deeper into Vietnam’s solar energy revolution with Vietnam Solar Energy Revolution: 16% Target by 2030 is Amazing.
Large-scale energy storage to enhance Vietnam solar capacity
In addition to small-scale projects, Vietnam is also planning to develop large-scale solar power projects equipped with energy storage systems. These systems will enhance the stability and reliability of Vietnam’s renewable energy supply, ensuring that electricity is available even when the sun isn’t shining.
The Vietnamese government is exploring options for solar power development in the North Central and Northern regions. These areas, with their high solar potential and a more balanced supply-demand situation, are ideal for large-scale solar projects.
Vietnam’s focus on renewable energy, especially solar power, underscores its commitment to a sustainable energy future. The country’s ambitious solar capacity targets will not only help meet its growing electricity demand but also contribute to global efforts to combat climate change.