How much does a ground-mounted solar project cost in Vietnam?
The ceiling price for ground-mounted solar has been slashed from $0.0709/kWh to $0.0502/kWh, threatening the financial viability of large-scale solar projects. Vietnam’s Ministry of Industry and Trade (MIOT) has set new price ceilings for the so-called “transitional” wind and solar projects.
How much does a solar project cost in Vietnam?
Vietnam’s Ministry of Industry and Trade (MIOT) recently introduced new ceiling prices for solar and wind projects that sell electricity to Electricity of Vietnam (EVN). The ceiling price for ground-mounted solar has been slashed from $0.0709/kWh to $0.0502/kWh, threatening the financial viability of large-scale solar projects.
What are Vietnam's 'transitional' wind and solar projects?
Vietnam’s Ministry of Industry and Trade (MIOT) has set new price ceilings for the so-called “transitional” wind and solar projects. These are renewable energy projects that failed to qualify for the expired feed-in tariff scheme and will now be allowed to sell power to Vietnamese utility EVN through power purchase agreements (PPAs).
How big is the PV market in Vietnam in 2023?
The market is expected to grow by 13% in 2023, for 3.8 GW of new installations. The Vietnamese government has announced a $135 billion energy strategy, with half of the country’s residential rooftops to be equipped with PV systems under a net-metering scheme. The nation also aims to become a power exporter by the end of the decade.
What is battery energy storage system (BESS)?
Battery Energy Storage System (BESS) contributes critical roles to accelerating the use of Renewable Energy - a clean energy source in Vietnam and globally. In addition, BESS is also the solution that has been successfully and effectively applied by many countries around the world to support the operation of the power grid.
How much solar power does Vietnam have?
There has been no official confirmation from the Vietnamese government thus far. According to Apricum’s latest data, the country has installed around 18.47 GW of solar capacity. This content is protected by copyright and may not be reused.
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