Promoting solar power development

15:37 | 03/05/2015 Industry

(VEN) - Deputy Prime Minister Hoang Trung Hai recently assigned the Ministry of Industry and Trade (MOIT) to early draft a decision providing law guidelines and support mechanisms for the development of solar power projects in Vietnam for submission to the prime minister for approval.

Promoting solar power development

Issues that need to be clarified include solar power development planning, implementation models at household and project levels, off-grid and grid-tie projects and investment incentives with each project. Attention should be paid to electricity prices of grid-tie solar power projects, and responsibilities of buyers. The MOIT needs to study experience of predecessors in this field to sort out the most suitable regulations for Vietnam.

This is part of the national energy development strategy, which is aimed to provide high quality energies using recycled and environmentally-friendly resources. According to experts, Vietnam has the great potential for solar power development with 4-5kWh per square meter per day, mainly in the central and southern regions. International advisors also assessed that a 50-MW solar power plant using Combined Heat & Power (CHP) technology can produce 60-100 million kWh per year, meanwhile a 1-MW plant using solar PV technology will produce 1.2 million kWh per year.

With the shortage of traditional energy resources in Vietnam in the imminent future, there’s a need to mobilize to the maximum new forms of energy, including the solar power. However, until now this source of energy has not been significantly exploited as it was mostly implemented in pilot, off-grid projects. The reasons were due to the high production costs of solar power and there’s no mechanism to sell electricity from those projects to attract investors.

Many countries worldwide have been highly interested in development of the solar power industry over the past five years and they are expected to do so in many years to come./.