Vietnam strives to attract more investment in solar power
Updated : Wednesday, February 14, 2018 10:20 AM (GMT+0700)

Vietnameselocalities are taking measures to attract more investment in renewable energy,especially solar power.

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According to theGovernment’s targets, solar power is expected to become the main renewableenergy source in the future, with installed capacity to be increased from 6-7MW by the end of 2017 to 850 MW by 2020 (1.6 percent of the country’s powergeneration) and 12,000 MW by 2030 (3.3 percent of the country’s powergeneration).

Vietnam is among countriesthat enjoy the most sunlight in the world, with the Central Highlands and southcentral regions recording between 2,000 and 2,600 hours of sunshine every year,reported the Vietnam Clean Energy Association.

Average solar radiation is150 kcal/sq.m, about 2,000 to 5,000 hours per year. However, the exploitationof solar power in Vietnam has not matched the great potential.

Most solar projects aresmall scale. For example, An Hoi photovoltaic power plant, the first solarpower project connected to the Con Dao grid in southern Ba Ria-Vung Tauprovince since late 2014, has a capacity of only 36 kWp and electric power ofover 50 MWh.

Experts suggested Vietnamtake advantage of abundant sunlight by building more solar power plants.According to them, with non-renewable fuel sources running out and demand forelectricity for daily use and economic development remaining high, developingclean and renewable energy is a must.

Together with the policy ofrenewable energy development, there should be a pricing mechanism to attractinvestors, they said.


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