How much does a solar project cost in Vietnam?

Vietnam’s Ministry of Industry and Trade (MIOT) recently introduced new ceiling prices for solar and wind projects that sell electricity to Electricity of Vietnam (EVN). The ceiling price for ground-mounted solar has been slashed from $0.0709/kWh to $0.0502/kWh, threatening the financial viability of large-scale solar projects.

How much does a ground-mounted solar project cost in Vietnam?

The ceiling price for ground-mounted solar has been slashed from $0.0709/kWh to $0.0502/kWh, threatening the financial viability of large-scale solar projects. Vietnam’s Ministry of Industry and Trade (MIOT) has set new price ceilings for the so-called “transitional” wind and solar projects.

Is Vietnam a good place to buy solar panels?

This is the only local firm known to manufacture solar panels, with a market share of just 1 percent. Vietnam is slowly positioning itself on the global market as a leading exporter of solar panels, exporting to 50+ countries worldwide and making up a considerable share of the world’s electricity supply pie.

How many solar power plants are there in Vietnam?

Vietnam aims to have solar and wind instablled capacity of 0.8MW and 0.85MW respectively by 2020. However, a total of 2.8GW wind and 10GW solar power plants have already been approved until February 2019. Although potential for wind power development in Vietnam is high, only 190 MW have been put into operation up until now.

Where are solar panels installed in Vietnam?

This photo taken on 23 April, 2019 shows solar panel installations and a wind turbine at the Phu Lac wind farm in southern Vietnam's Binh Thuan province. (AFP Photo)

How much solar power will Vietnam have in 2018?

From only 134 megawatts (MW) in 2018, Vietnam’s cumulative installed solar PV capacity will hit 5.5 gigawatts (GW) this year – or 44 percent of Southeast Asia’s total capacity – according to global energy consultants Wood Mackenzie in research released last week.