The development process for ground-mounted utility scale solar projects in Vietnam is laborious, time-consuming, expensive and still largely difficult to navigate for foreign developers without entering a strategic
This far surpassed the original 2020 target of 850 MW set by the Government of Vietnam in 2016, and is even approaching the tentative target of 18,600 MW of installed solar power capacity by
22 July 2021 . Nowadays, rooftop solar power system projects in Vietnam have attracted a lot of attention from both domestic and foreign investors since the Prime Minister issued Decision
In addition, rooftop solar power is also growing rapidly, by the end of 2020 there were 7.864 MW in operation. This number brings the total solar power capacity to 16.506 MW, 19 times higher than the approved capacity of
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.
6.2.2 Potential Creation of Jobs The 12 GW PV target is expected to support as many as 25,000 full-time jobs in project development, services and O&M annually in the period through 2030 (figure 6.2). Solar PV–related employment in Vietnam will derive from (i) development and operation of solar PV power plants, and (ii) manufacturing of equipment.
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.
The development process for ground-mounted utility scale solar projects in Vietnam is laborious, time-consuming, expensive and still largely difficult to navigate for foreign developers without entering a strategic partnership, in whatever form, with a local Vietnamese counterpart.
Since 2018, the World Bank has been supporting the Gov-ernment of Vietnam in its transition from FIT to competitive bidding. The main constraints identified in a sustainable and afordable deployment of solar PV in Vietnam are described below. a. Lack of centralized controlled planning creates evac-uation constraints and generation curtailment.
Developing ground mounted, utility scale solar projects in Vietnam is not straightforward, and even more so for foreign developers. However, with the right local strategic partner, advice and thorough preparation, attractive opportunities can be realized. Image: Waaree Energies
