Experts see solar power potential

The total economic potential of ground-mounted solar projects in Vietnam is at least seven gigawatts (GW) under present market conditions, much higher than the national solar target of 0.8GW by 2020, according to experts.
Experts see solar power potential
Photo: VNA/VNS

However, with the decrease in costs expected to take place once the market starts growing, the economic potential could reach several hundred Gigawatt between 2021 and 2030, far beyond the target of 12GW by 2030.

“Vietnam is endowed with significant solar potential, especially in the central and south of Vietnam,” Nguyễn Anh Tuấn, director of Electricity and Renewable Energy Agency, said in a workshop on Wednesday titled “National Assessment of development potential of grid-connected solar photovoltaic projects in Việt Nam until 2020 with a vision to 2030”.

Solar power projects are mainly carried out in the Central and Southern regions, where the total solar irradiation is highest in the country.

Until 2020, with the present market conditions, most of the projects would take place only in the south-central provinces of Bình Thuận and Ninh Thuận. But after 2020, projects would be expanded in other provinces, including Tây Ninh, Bình Dương, Bình Phước, Long An, Bà Rịa-Vũng tàu and border areas between Đồng Nai and Bình Thuận.

According to Tuấn, four scales of solar PV systems exist in the Vietnam market: household, commercial scale, small PV power panel and grid-connected PV power plant.

At present, total installed capacity of 8MW is in operation, mainly at a small scale through demonstration projects.

About 115 grid connected solar PV power projects of utility scale have been in the pipeline for some provinces with high solar power potential. They were at different stages of development, such as obtaining permission for project site investigation, permission for investment and formulation of investment construction projects.

As of the end of 2017, it was estimated that PV panel production plants in Vietnam have a total design capacity of about 6,000MW with annual production of about 300-400MW for export.

Environmental, economic and social impacts

According to Đặng Hương Giang, an expert from Vietnam Energy Institute, grid-connected solar power projects require large flat land areas.

These land areas include unused land, shifting forest land, agricultural land, water surface land, people land and public structure land turned into industrial land for projects.

These lands would be restored to their initial state at the end of projects.

Unused land, wild land, production forest land, inundated land, inefficient one-crop land and inefficient production forest land could be used for solar power projects.

According to results of an investigation in 2017, the number of households to be removed from solar power project areas during the preparation of the supplemented plan and construction time was small.

In the future, the construction of solar power plants will have little impact on the resettlement and replacement of households. Households will be compensated by project owners in accordance with regulations, said Giang.

Developing the solar power plants would help reduce exploitation and use of fossil fuels, use of natural resources and coal from foreign countries.

“Because solar power projects will be developed on wild land and inefficiently used land, the impacts on the ecological system and biodiversity are insignificant and could be prevented and mitigated if the solar power projects are developed in potential areas as defined in plan,” she said.

Besides, solar power plants use solar energy for electricity generation, not creating dusts or toxic gases, especially GHG emission which causes climate change on the earth.

However, no renewable energy project could totally avoid environmental impacts, even solar PV power technology.

“Latent environmental impacts depend on the scale and type of projects and are usually related to specific locations (impacts on land, landscapes)”, Giang said.

“Most adverse impacts are related to the plant construction stage and plant dismantlement stage. But these adverse impacts are small and can be reduced by mitigations measures”, she added.

So, it could say solar power can be considered a clean and safe energy source.

“Financial closing for projects is difficult with present market conditions but once the market has developed and the prices drop the solar PV potential will increase dramatically,” said Sonia Lioret, Head of GIZ’s project.

The workshop was organized within framework of the Renewable Energy and Energy Efficiency (4E) Project, which is jointly implemented by Vietnam’s Electricity and Renewable Energy Agency (EREA), the Ministry of Industry and Trade and Germany’s International Co-operation Agency (GIZ).

VNS

See also

Offshore wind energy an essential base load power source: official

Offshore wind energy an essential base load power source: official

Offshore wind energy has great potential to contribute to the energy security goals of Việt Nam, according to deputy head of the Party Central Committee's Economic Commission Nguyễn Đức Hiển.
Uncorking bottlenecks for support industry development

Uncorking bottlenecks for support industry development

(VEN) - Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.
Da Nang greens textile-garment industry

Da Nang greens textile-garment industry

(VEN) - Textile and garment enterprises in the southcentral coastal city of Da Nang are seeking to green their production through the use of renewable energy, waste reduction and wastewater standardization.
High cost of construction materials puts pressure on Việt Nam

High cost of construction materials puts pressure on Việt Nam's construction industry

According to contractors and investors in Hà Nội, while the price of cement has stabilised, other essential building materials such as steel and construction sand continue to increase in price.
Thai Nguyen eases industrial cluster problems

Thai Nguyen eases industrial cluster problems

(VEN) - Overlapping regulations and policies are among the challenges facing the northern province of Thai Nguyen in managing and developing industrial clusters (ICs).
Dak Lak seeks improved industrial policies

Dak Lak seeks improved industrial policies

(VEN) - The Department of Industry and Trade of the Central Highlands province of Dak Lak has proposed amending and supplementing industrial cluster (IC) management and development regulations.

See more news

Vietnam eyes green hydrogen development

Vietnam eyes green hydrogen development

(VEN) - On March 7 in Da Nang City, the Vietnam Trade Promotion Agency under the Ministry of Industry and Trade, the ASEAN-Japan Center, and the Vietnamese Trade Office in Japan jointly held a workshop on the application and development of the hydrogen technology in green energy transition.
Coffee industry needs sustainable development to target $6b in exports by 2030

Coffee industry needs sustainable development to target $6b in exports by 2030

Việt Nam's coffee industry needs to solve many challenges to achieve sustainable development, targeting an export value of US$6 billion in 2030.
Diagnostic study on Net-Zero for energy sector in Vietnam kicked off

Diagnostic study on Net-Zero for energy sector in Vietnam kicked off

The “Diagnostic study on Net-Zero for the energy sector in Vietnam” will analyse emission reduction measures to achieve net-zero emissions.
Rise of February industrial production index

Rise of February industrial production index

(VEN) - According to data from the General Statistics Office of Vietnam, industrial production in February 2023 grew an estimated 5.1 percent compared with January due to a higher number of working days.
Cashew industry moves to boost green production, consumption

Cashew industry moves to boost green production, consumption

Although the cashew nut processing and exporting industry was warned of many difficulties in 2023, Vietnamese exporters still have many opportunities to boost exports if both businesses and farmers turn to green production, insiders have said.
Unclogging textile-garment sector supply chain

Unclogging textile-garment sector supply chain

(VEN) - The government’s backing, especially investment capital and legislation on raw material production, is important and necessary to develop textile and garment support industries.
Ba Ria-Vung Tau boosts industrial development

Ba Ria-Vung Tau boosts industrial development

(VEN) - A network of industry promotion collaborators has been operating in the southeastern province of Ba Ria-Vung Tau for more than a year, energizing local industry promotion development.
Diversification needed in investment resources

Diversification needed in investment resources

(VEN) - According to the Ministry of Industry and Trade’s Agency of Regional Industry and Trade (ARIT), a national industry promotion program worth about VND140 billion approved for 2022 has been implemented on schedule.
Auto industry heavily reliant on imports

Auto industry heavily reliant on imports

(VEN) - In order to develop Vietnam’s automobile support industry, domestic enterprises need the help of leading enterprises and state policies.
Thanh Hoa boosts forest product processing

Thanh Hoa boosts forest product processing

(VEN) - The industry promotion and energy efficiency center of Thanh Hoa Province is drafting a forest product processing development project for the 2022-2025 period in compliance with directions of the provincial Department of Industry and Trade.
View more
Latest Most Read
Offshore wind energy an essential base load power source: official

Offshore wind energy an essential base load power source: official

Offshore wind energy has great potential to contribute to the energy security goals of Việt Nam, according to deputy head of the Party Central Committee's Economic Commission Nguyễn Đức Hiển.
Hòa Bình Province exports first batch of fresh sugarcane to US

Hòa Bình Province exports first batch of fresh sugarcane to US

The first 20-tonne batch of fresh sugarcane from Hòa Bình bound for the US was announced at a ceremony held in the northern mountainous province on Sunday.
Vietnam introduces automated sorting system

Vietnam introduces automated sorting system

(VEN) - The successful design, manufacturing and operation of an automatic goods sorting system has contributed to optimizing the production process and cutting the costs of logistics enterprises. Vietnam Economic News’ Quynh Nga interviewed Dr. Phan Dang Phong, Director of the National Research Institute of Mechanical Engineering (NARIME) under the Ministry of Industry and Trade (MoIT), about this technology.
King Coffee and Tín Thành Group partner to build a tyre plant in the US

King Coffee and Tín Thành Group partner to build a tyre plant in the US

Vietnamese King Coffee and Tín Thành Group have entered into a partnership to build a tyre filling and recycling plant in South Carolina, the US.
Vietnam joins ASEAN bazaar in Argentina

Vietnam joins ASEAN bazaar in Argentina

The Vietnamese Embassy in Argentina, in collaboration with diplomatic missions of Malaysia, Thailand, the Philippines and Indonesia, all members of the Association of Southeast Asian Nations (ASEAN), organised an annual bazaar on March 18.
amazingly beautiful ninh thuan

Amazingly beautiful Ninh Thuan

(VEN) - The south central coastal province of Ninh Thuan is renowned for its beautiful, pristine beaches and vast white salt fields. Visitors are recommended to travel to the province from April to June to enjoy their summer vacations, and from August to October when the grape-harvesting season falls and unique local festivals of the Cham people take place.
tra fish exports hold promise after china reopens borders

Tra fish exports hold promise after China reopens borders

Tra fish exports are expected to recover shortly with China gradually reopening its borders.
lao cai province welcomes first chinese tourists after three years

Lao Cai Province welcomes first Chinese tourists after three years

Eighty Chinese tourists entered Vietnam via the Lao Cai International Border Gate on March 15 afternoon, marking the return of Chinese travellers to the northern mountainous province of Lao Cai after a three-year hiatus caused by the COVID-19 pandemic.
viet nams grilled bananas among worlds most delicious desserts

Việt Nam's grilled bananas among world’s most delicious desserts

CNN described the sweet course as crispy, smoky and fragrant, and best enjoyed with lightly sweetened creamy coconut milk and roasted peanuts.
a dish to try beef ore you go buon ma thuots famous beef in tamarind sauce

A dish to try beef-ore you go, Buôn Ma Thuột's famous beef in tamarind sauce

Many restaurant owners claim that the dish's fame is due to the special marinated ingredients that can be found exclusively in this hilly part of Việt Nam.
Animal feed industry asks for import tax reduction on raw materials

Animal feed industry asks for import tax reduction on raw materials

The Government has received a proposal from the Vietnam Feed Association to eliminate the import tax on soybean meal, currently set at 2%.
Over 250 petitions submitted to authorities on fragility of petroleum regulations

Over 250 petitions submitted to authorities on fragility of petroleum regulations

The petitions concern the alteration of petroleum business restrictions in decrees No.83/2014/ND-CP and No.95/2021/NQ-CP, resulting in losses for retail establishments.
New legal documents in second half of February 2023

New legal documents in second half of February 2023

VEN lists the latest legal documents issued by the Vietnamese Government, ministries and state agencies.
Companies allowed to make bond payments with other assets

Companies allowed to make bond payments with other assets

Companies shall be allowed to make bond payments with other assets, according to the Government's recently-released Decree 08/2023/ND-CP issued.
Offshore wind energy an essential base load power source: official

Offshore wind energy an essential base load power source: official

Offshore wind energy has great potential to contribute to the energy security goals of Việt Nam, according to deputy head of the Party Central Committee's Economic Commission Nguyễn Đức Hiển.
Uncorking bottlenecks for support industry development

Uncorking bottlenecks for support industry development

(VEN) - Vietnam is mulling legislation to boost the low localization rate of its industrial production and means to modernize its support industries and increase their participation in the local and foreign value chain.
Da Nang greens textile-garment industry

Da Nang greens textile-garment industry

(VEN) - Textile and garment enterprises in the southcentral coastal city of Da Nang are seeking to green their production through the use of renewable energy, waste reduction and wastewater standardization.
High cost of construction materials puts pressure on Việt Nam

High cost of construction materials puts pressure on Việt Nam's construction industry

According to contractors and investors in Hà Nội, while the price of cement has stabilised, other essential building materials such as steel and construction sand continue to increase in price.
Da Nang hopes for further investment from RoK city

Da Nang hopes for further investment from RoK city

Secretary of the Da Nang municipal Party Committee Nguyen Van Quang said he hopes that the city of Daegu in the Republic of Korea (RoK) will cooperate with the Vietnamese central city and invest more in its hi-tech sector, along with education, training and tourism.
Initiative speeds up investment disbursement

Initiative speeds up investment disbursement

(VEN) - Prime Minister Pham Minh Chinh has asked ministries, sectors and localities to ensure the quality and effectiveness of public investment projects and achieve a higher disbursement rate in 2023.
Hanoi builds synchronous policies to draw foreign investment

Hanoi builds synchronous policies to draw foreign investment

A conference linking hundreds of Hanoi and Singaporean enterprises was held in the capital city of Hanoi on March 7. The event was co-hosted by the municipal Department of Industry and Trade, the Vietnam Trade Office in Singapore, the Singapore Chinese Chamber of Commerce and Industry (SCCCI) and the Vietnam Chamber of Commerce and Industry (VCCI).
Quang Ninh strives to complete procedures for 18 FDI projects in 2nd quarter

Quang Ninh strives to complete procedures for 18 FDI projects in 2nd quarter

The northeastern province of Quang Ninh is striving to complete investment procedures for 18 foreign direct investment (FDI) projects within the second quarter of this year.
Vietnam seeks response to corporate tax overhaul

Vietnam seeks response to corporate tax overhaul

(VEN) - All European Union states and many other countries will introduce a global minimum tax (GMT) of 15 percent on large corporations by the start of 2024, and Vietnam is being urged to devise appropriate policies and adapt to the new taxation.
Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent

Vietnam’s regulatory interest rates to be reduced by 0.5-1 percent

The State Bank of Vietnam (SBV) on March 14 issued two decisions to reduce regulatory interest rates by 0.5% to 1%, which will come into force on March 15.
Global Minimum Tax a head-scratcher for Vietnamese policymakers

Global Minimum Tax a head-scratcher for Vietnamese policymakers

As many countries plan to adopt the Global Minimum Tax Rate (GMTR) in 2024, experts are concerned that the entry into force of the rate would discourage foreign companies from locating their operations in low-tax countries.
Program seeks to solve business capital needs

Program seeks to solve business capital needs

(VEN) - A series of commercial banks have moved to reduce lending interest rates in response to strong messages by the Government and the State Bank of Vietnam (SBV) about supporting the economy and business sector.
Practical effective activities urged to mark World Water Day

Practical effective activities urged to mark World Water Day

The Ministry of Natural Resources and Environment has asked other ministries, agencies, sectors, localities, and organisations to take practical and effective activities to mark the World Water Day (March 22), the World Meteorological Day (March 23), and the Earth Hour 2023 (March 25).
BKEET steams ahead with waste treatment

BKEET steams ahead with waste treatment

(VEN) - After research spanning 20 years, solid waste incinerators produced by the Bach Khoa Hanoi Energy and Environment Joint Stock Company (BKEET) are operating across the country.
Tree planting campaign targets carbon neutrality

Tree planting campaign targets carbon neutrality

(VEN) - Vietnam has embarked on a nationwide tree planting campaign designed to benefit the environment and enhance the quality of life.
Can Tho, USAID foster collaboration to mitigate climate change effects

Can Tho, USAID foster collaboration to mitigate climate change effects

Leaders of the Mekong Delta city of Can Tho on March 9 had a working session with a delegation from the United States Agency for International Development (USAID) led by its Administrator Samantha Power, during which the two sides discussed collaboration in climate change response and how to support people affected by the natural phenomenon.
Vietnam introduces automated sorting system

Vietnam introduces automated sorting system

(VEN) - The successful design, manufacturing and operation of an automatic goods sorting system has contributed to optimizing the production process and cutting the costs of logistics enterprises. Vietnam Economic News’ Quynh Nga interviewed Dr. Phan Dang Phong, Director of the National Research Institute of Mechanical Engineering (NARIME) under the Ministry of Industry and Trade (MoIT), about this technology.
Domestic ICT firms well-positioned to reach out to the world

Domestic ICT firms well-positioned to reach out to the world

Vietnam's information and communication technology (ICT) companies are well-positioned to make strong breakthroughs and reach out to the world in the near future, on the back of widespread Internet access, abundant workforce and support from authorities at all levels.
Innovation platforms boosting sustainable development announced

Innovation platforms boosting sustainable development announced

The Institute for Innovation and Development (IID) on March 15 held a “Drive Innovation for Impact” event to announce three digital innovation platforms boosting sustainable development.
Vietnam well-positioned to benefit from AI website

Vietnam well-positioned to benefit from AI website

Artificial intelligence (AI) is poised to revolutionise economies, and Vietnam is well-positioned to reap the benefits and emerge a leader – both development and application, highlighted an article run at intelligent global legal research platform Lexology.com.
Hà Nội to build new bridge crossing Red River

Hà Nội to build new bridge crossing Red River

A 820-metre long bridge named Thượng Cát crossing Hồng (Red) River in Hà Nội will be constructed with an investment of nearly VNĐ8.3 trillion.
Hoa Binh, sustainable investment destination

Hoa Binh, sustainable investment destination

(VEN) - The north-central province of Hoa Binh has recently licensed 16 investment projects totaling VND49 trillion, reflecting the province’s drive for sustainable development and its unique advantages.
Singapore-Vietnam project benefits more than 2,500 renal patients

Singapore-Vietnam project benefits more than 2,500 renal patients

The Singapore International Foundation (SIF), in partnership with Hanoi Medical University (HMU) and Tan Tock Seng Hospital (TTSH), closed their five-year Haemodialysis Care Project in Hanoi on 12 March 2023.
Amway Vietnam highlights consumer protection

Amway Vietnam highlights consumer protection

(VEN) - Amway Vietnam, a global brand in the field of health and beauty care, sponsored a series of events this month celebrating Vietnam Consumer Rights Day, themed “Transparent Information – Safe Consumption”.
King Coffee and Tín Thành Group partner to build a tyre plant in the US

King Coffee and Tín Thành Group partner to build a tyre plant in the US

Vietnamese King Coffee and Tín Thành Group have entered into a partnership to build a tyre filling and recycling plant in South Carolina, the US.
Vietjet announces first direct air route between Vietnam, Queensland

Vietjet announces first direct air route between Vietnam, Queensland

Vietjet will operate the first air route connecting Vietnam with Australia’s Queensland state in June, the airline announced on March 16.
Vietnamese businesses attend Foodex Japan 2023

Vietnamese businesses attend Foodex Japan 2023

Thirty-six Vietnamese businesses are showcasing their products at the 48th international food and beverage exhibition (Foodex Japan 2023), which kicked off in Tokyo, Japan, on March 7.
519 firms win Vietnamese High-Quality Goods Award

519 firms win Vietnamese High-Quality Goods Award

The Vietnamese High-Quality Goods Award will be given to 524 firms this year, it was announced in HCM City on March 9.
Việt Nam

Việt Nam's grilled bananas among world’s most delicious desserts

CNN described the sweet course as crispy, smoky and fragrant, and best enjoyed with lightly sweetened creamy coconut milk and roasted peanuts.
A dish to try beef-ore you go, Buôn Ma Thuột

A dish to try beef-ore you go, Buôn Ma Thuột's famous beef in tamarind sauce

Many restaurant owners claim that the dish's fame is due to the special marinated ingredients that can be found exclusively in this hilly part of Việt Nam.
Indian community celebrates colour festival Holi in Vietnam

Indian community celebrates colour festival Holi in Vietnam

Indian Business Chamber in Vietnam (INCHAM) successfully celebrated the colour festival Holi 2023 in Vietnam.
Fireworks to light up Đà Nẵng

Fireworks to light up Đà Nẵng's sky as international festival returns with a bang

The event’s organisers, Sun Group, said that the 2023 event would focus on post-COVID-19 tourism promotion as a benchmark for full economic growth in the central region and the country.
Tram Tau: A remote slice of heaven

Tram Tau: A remote slice of heaven

(VEN) - Tram Tau hot springs, about 260 kilometers west of Hanoi, offer tourists an unforgettable experience. A tourism development campaign bills this remote corner of Yen Bai Province a “miniature Bali”.
Developers seek to create theme park in Đắk Lắk

Developers seek to create theme park in Đắk Lắk

A project to construction a theme park in Đắk Lắk Province’s Buôn Ma Thuột city has been submitted to the province’s People’s Committee.
Lao Cai Province welcomes first Chinese tourists after three years

Lao Cai Province welcomes first Chinese tourists after three years

Eighty Chinese tourists entered Vietnam via the Lao Cai International Border Gate on March 15 afternoon, marking the return of Chinese travellers to the northern mountainous province of Lao Cai after a three-year hiatus caused by the COVID-19 pandemic.
Đà Nẵng to transform Hàn River into a mesmerising

Đà Nẵng to transform Hàn River into a mesmerising 'River of Light' with $16.9m investment

This will be achieved by installing a cutting-edge light system along the river banks, spanning the section between Thuận Phước and Tiên Sơn bridges, as well as the bridges themselves.
Mobile Version