Could solar storage system help Vietnam achieve low-emissions development?

Hanoi (VNA) - The Solar Storage System (ESS) offers a low-cost and low-emissions solution for peak-hour power supply, helping Vietnam pursue low emissions development and ensuring economic growth, according to an expert at a workshop held in Hanoi on January 27.

How can a new LNG-to-power project protect Vietnam from global fuel price volatility?

Prioritizing domestic renewables and grid resilience over new LNG-to-power projects can shield Vietnam from global fuel price and exchange rate volatility while still meeting demand growth. Vietnam stands at an inflection point.

What are the requirements for a battery project in Vietnam?

The Vietnamese authorities also decided that battery projects under the FiT scheme must have at least 10% of a PV plant's capacity and offer at least 2 hours of storage. According to the latest statistics from the International Renewable Energy Agency (IRENA), Vietnam had approximately 18.66 GW of installed PV capacity at the end of 2024.

Can solar and wind power meet Vietnam's near-term energy needs?

Such financial hurdles have challenged the government’s ability to use fossil fuels to expand electricity supply in step with Vietnam’s fast-growing economy. Contrastingly, solar and wind power’s lower capital requirements and faster development timelines are well-suited to meeting Vietnam’s near-term energy needs.

Should Vietnam recalibrate its power system?

As Vietnam grapples with rising power purchase costs and mounting utility losses, policymakers are under pressure to recalibrate the system to ensure long-term financial sustainability.

Is subsidy reshaping Vietnam's Electricity sector?

The rapid, subsidy-driven expansion has exposed gaps in planning and financial sustainability – laying the groundwork that is now reshaping the sector’s trajectory. The state utility Vietnam Electricity (EVN) is now under financial strain due to the tariffs it set, which were as high as USD9.35 cents per kilowatt hour (¢/kWh).