Vietnam Review Solar Photovoltaic Power Generation

Can Vietnam achieve 12 GW of solar power capacity by 2030?

To meet the countrys 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.

How much electricity can Vietnam generate from solar photovoltaics?

Specifically, Lee et al. (2019) estimated that Vietnam has the potential to generate 2,847 GW of electricity from solar photovoltaics (PV) at sites for which the levelized cost of electricity (LCOE) was less than US$ 150/MWh in 2018.1 This quantity far exceeds Vietnam's current power usage.

How good is solar PV irradiation in Vietnam?

4.2.2 Very Good Solar PV Irradiation Vietnam[s very good solar PV irradiation (4.2–4.4 kWh/m2/day) is concentrated in 12 provinces (table 4.1 and figure 4.2), with top potentials of 47 GW in Binh Phuoc, 24 GW in Tay Ninh, 14 GW in Gia Lai, and another 14 GW in Binh Thuan.

How big is Vietnam's solar PV potential?

The solar PV potential for utility-scale PV stations within 10 km of the existing power grid alone is estimated to be about 48 GW ( Teske et al., 2019 ), which is roughly equivalent to Vietnam's current electricity generation capacity (in nameplate capacity terms).

Is solar power a viable energy generating option for Vietnam?

EXECUTIVE SUMMARY Solar power is an increasingly attractive electricity generating option for Vietnam thanks to recent cost reductions, fast construction, and the contribution solar power can make to ensuring energy security and environmental sustainability.

Does Vietnam have a solar energy boom?

His research focuses on the economics of energy, transport and the environment. Vietnam has recently seen a remarkable solar photovoltaic (PV) boom, the first stage of a major and rapid energy transition in the country. The country’s solar PV capacity increased from only 86 MW in 2018 to 4,750 MW in 2019 (Figure 1).