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Ambitious objectives for renewable energy capacity for Vietnam till 2030
Vietnam electricity demand is forecasted to surge to 572-632 billion kWh by 2030, an increase with CAGR 2021-2030 of around 8% – 8.5%. Even though Vietnam’s power production has been dominated by coal; hydropower and gas for many years, developing renewable energy is an undeniably important strategy for the country in the long-term. Read More “Positive prospect for investment on solar energy in Vietnam”
6th Feb 2017
“100,000 sets installed, 30-40% of which are in HCMC”
Vietnamese households are going green with the help of solar energy. The government has a plan to increase the percentage of households using solar-powered applications from 4.3% in 2015 to 12% by 2020 and 36% by 2030.
The applications include 2 main categories: thermal application and electrical application.
Thermal application primarily goes under the form of solar water heater (SWH).
This is the most developed branch of domestic solar use in Vietnam, as reportedly around 100,000 sets are installed all over the country per year, 30 – 40% of which are located in Ho Chi Minh City.
Vietnam Government has announced a master plan on taking the global trend – transitioning to use renewable energy sources.With a hope that as a long-term strategy, this plan will increase the proportion of renewable energy in the total power generation. In 2013, the capacity of wind energy, solar energy, biomass energy are 55MW, 4 MW, and 150 MW respectively; all adding small scale hydropower account for only 3% of the total national electricity generation, however, the plan sets quite high goal targeting to reach 5.6% in 2020 and 9.1% in 2030.