Vietnam's prepared solar capacity deemed 'too expensive' by government

• Vietnam's prepared solar capacity is "too expensive" as well as needs to be reduced, according to local media reports that referral a federal government communication.

According to the reports, deputy Prime Minister Le Van Thanh said the targeted solar capacity set out in Vietnam's Power Development Master Plan VIII for the 2021-2030 duration-- presently around 18.4 GW-- was "too high" as well as should be reduced to include more wind power.

The nation's Power Development Master Plan VIII covers from 2021 to 2030 however likewise consists of a "vision until 2045". It was released in February last year yet has actually gone through a number of modifications.

As an example, an October revision was made that saw sustainable capacity targets minimized considerably. The solar capacity target for 2025 went from an upper projection of 26,240 MW in the initial draft to 18,040 MW in the revised version.

After experiencing fast development in solar implementation-- Greater than 9GW of rooftop solar was installed in Vietnam in 2020, around 6GW of which was mounted in December alone-- Vietnam has actually been dealing with substantial curtailment problems, with numerous projects additionally dealing with link concerns.

In January, working as a consultant AqualisBraemar LOC Group (ABL Group) was employed to perform usefulness research studies exploring the possibility for the co-location of battery power storage systems (BESS) across numerous PV plants following the curtailment problems.

At the same time, a US$ 500 million monocrystalline ingot and wafer manufacturing center in Vietnam established by 'Solar Module Super League' (SMSL) participant JinkoSolar is anticipated to find online this quarter.