Vietnam’s Solar Drive

Published onAugust 1, 2019

Vietnam has witnessed a huge rush in solar PV projects development as the validity of attractive feed-in-tariff (FIT) rates ended on 30 June 2019. According to the Vietnam Electricity Group (EVN) as of 30 June, a total of 82 solar power plants with a cumulative capacity of 4.46 GW had been connected to the national grid. Because of this, solar power now accounts for 8.28% of Vietnam’s electricity capacity. By the end of 2019, another 13 solar power plants with a combined capacity of 630 MW are scheduled to be connected to the grid, raising the total number of the country’s solar power plants to 95. From less than 150 MW of total solar power installed capacity in mid-April 2019, this was a huge boost of grid connection triggered by the expiry of attractive FIT rates of USD 0.0935/kWh. This rate has been applied to all kinds of solar technologies; including ground-mounted, rooftop and floating solar projects under the FIT program between June 1, 2017 and June 30, 2019.