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Emerging Solar Market Vietnam: 12 GW Solar By 2030
10th September 2020 @ 2:00 pm - 3:30 pm IST
Vietnam’s Solar Industry has bright prospects for Investors, as energy demand continues to grow & the economy recovers, tight deadlines will make it difficult for investors to benefit from revised feed-in-tariffs, but new investment mechanisms are being considered wef 2020. Experts believe that Vietnam’s golden era for solar development is yet to be seen and fully taken advantage of
VIetnam’s energy demand is expected to rise by over 10 percent per year by the end of 2020 and by 8 percent per year in the next decade and is no doubt one of the hottest renewable energy market in this world. A year ago, an incentive-driven commission rush of 5GW solar projects has put Vietnam on the stage of the world’s most active market with energy demand at a steady annual growth rate of around 8.5% and expected to exceed supply in 2021 by 6.6TWh and 15TWh in 2023. The manufacturing hub gradually is transferring from China to South Asia, and there are many foreign investors entering Vietnam, which is a very positive sign for the DPPA model RTS development.
Investors are eyeing to spend up to $150b in Vietnam’s power sector over the coming decade. With a high GDP growth forecast and optimistic investment outlook, Vietnam is offering huge opportunities in its power sector as electricity demand is projected to surge to almost 130GW by 2030. By the end of 2019, Vietnam surpassed Malaysia and Thailand to reach the largest installed capacity of solar panels in Southeast Asia. In this webinar we will discuss the future landscape of The Vietnam Solar Market & witness some of the most important updates from the decision makers
VIETNAM, THE MOST EXCITING RENEWABLE ENERGY MARKET IN SOUTH EAST ASIA