Việt Nam will have incentives on developing solar power projects. Photo tuoitrethudo.com.vn
HÀ NỘI — The Ministry of Industry and Trade has approved Vietnam Electricity (EVN)’s proposal to continue buying power from rooftop solar power projects.
The ministry has also asked EVN to be responsible for connecting rooftop solar power systems to the national electricity grid, but it must not overload the grid.
Việt Nam currently applies a price of 9.35 US cents per kWh for rooftop solar power.
The national total rooftop solar power capacity is expected to reach around 2,000MW by the end of 2020, according to EVN.
As traditional power sources run out, the development of renewable energy infrastructure, including rooftop solar power, is crucial to providing enough power to Việt Nam's growing population.
Renewable energy experts said the country’s central and southern regions have big potential to develop rooftop solar systems with solar radiation of 4.2 to 4.8kWh per sq.m per day. — VNS