Vietnam Photovoltaic Support Power Station

Is Vietnam a leader in solar energy development in Southeast Asia?

In addition, in the central Ninh Thuan Province, the epicenter of Vietnam’s solar energy boom, the Trung Nam Group, a Vietnamese conglomerate, has also constructed a solar farm, one of the largest in Southeast Asia. Vietnam has been leading in solar power development in the ASEAN region.

Does Vietnam need a solar deployment strategy?

Vietnam is a major manufacturer of solar photovoltaic equipment and currently exports most of its production. A strong solar deployment strategy could shift the focus toward domestic use. Vietnam holds 7 percent of the global solar photovoltaic market and produces enough cells and panels each year to generate 5 GW of electricity.

Why should you invest in rooftop photovoltaic power in Vietnam?

The Vietnamese market is full of opportunities and prospects. Despite the global outbreak of the epidemic and the national blockade leading to a crisis in the economy, the installed capacity of rooftop photovoltaic power in Vietnam continued to grow steadily, and installation continued to accelerate.

Is Vietnam a good country to invest in solar energy?

Vietnam has a high potential for solar energy production, with at least 1,600-2,700 sunlight hours per year and a comparatively high direct normal irradiance every day. Vietnam is the country, which promoted feed-in tariffs to attract investment in solar and wind power, leading to the most emerging market.

What is the largest photovoltaic power plant in Southeast Asia?

Constructed by POWERCHINA Zhongnan Engineering Corporation Limited, it is the largest single photovoltaic power plant project in Southeast Asia. As one of the global economies that achieved economic growth during the COVID-19 epidemic, Vietnam has an increasing demand for energy consumption.

Will Vietnam become the world's top 3 photovoltaic markets?

As per the authorities, Vietnam's installed photovoltaic capacity will exceed 19.402GW, and Vietnam will become the world's top three photovoltaic markets, a record.