Solar power grows 28-fold in Vietnam's energy mix

In the first three months, EVN mobilised 2.76 billion kWh of renewable energy, including 2.31 billion kWh of solar power, signifying a 28-fold increase on-year.

solar power grows 28 fold in vietnams energy mix

The hike in solar power generation was due to the multitude of power projects coming online before the feed-in tariff deadline

According to statistics published by Electricity of Vietnam (EVN), in the first quarter of this year, the group mobilised a total of 57.29 billion kWh of power, up 6.3 per cent on year, including local supply sources and imported power.

The supply of thermal and hydropower both reported declines. Notably hydropower plants generated 8.93 billion kWh while gas provided 9.46 billion kWh, down 30.4 and 15.9 per cent, respectively.

However, the amount of coal power reached 33.91 billion kWh, up 21.3 per cent, and oil-fired thermoelectric power was 1.02 billion kWh, increasing by nearly 1 billion kWh on-year. The total mobilised renewable energy was 2.76 billion kWh, including 2.31 billion kWh of solar power.

The surge in solar power is thanks to dozens of large-scale solar farms coming online before June 30, 2019.

In the first quarter of this year, EVN and power plants generated 31.25 billion kWh, making up 54.54 per cent of the total power. 49.28 billion kWh of this was generated by EVN, up 6.47 per cent on-year.

 

According to EVN, the plunge in hydropower is due to a decrease in the volume of water available for hydropower generation across the countries, especially in large lakes namely Hoa Binh, Son La and Lai Chau.

Notably, the total amount of water in hydropower lakes in March was enough to generate 1.51 billion kWh, 561 million kWh lower than the expectation for the whole year. Meanwhile, the accumulated figure for the three months was 5.11 billion kWh, 2.7 billion kWh lower than the plan. VIR

Ha Vy

New tariff scheme approved to encourage solar development

New tariff scheme approved to encourage solar development

The Government has officially decided to approve a new feed-in-tariff mechanism to encourage development of solar power in Vietnam.

Rapid growth forecast for solar rooftop energy industry

Rapid growth forecast for solar rooftop energy industry

Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Vietnam, according to industry insiders.

 
 

Other News

.
Japan’s investment in Vietnam soars 90%
Japan’s investment in Vietnam soars 90%
BUSINESSicon  24/11/2021 

Japanese investors poured approximately US$3.4 billion into Vietnam from January to October 2021, soaring 90% compared with the same period last year.

42 wind power projects permitted to operate commercially
42 wind power projects permitted to operate commercially
BUSINESSicon  24/11/2021 

A total of 42 wind power plants featuring a total capacity of 2,131.3MW have been approved for commercial operation as of mid-November, according to data released by Electricity of Vietnam (EVN).

Vietnam-Malaysia-India container shipping route to be inaugurated
Vietnam-Malaysia-India container shipping route to be inaugurated
BUSINESSicon  24/11/2021 

The Vietnam Maritime Corporation (VIMC) announced on November 23 that it will inaugurate a container shipping route linking Vietnam, Malaysia and India on November 25.

Tax rescheduling proposed to support local automobile industry
Tax rescheduling proposed to support local automobile industry
BUSINESSicon  24/11/2021 

The Ministry of Finance (MoF) has proposed rescheduling excise tax payments for local automobile manufactures and assemblers.

HoSE to develop other covered warrant products
HoSE to develop other covered warrant products
BUSINESSicon  24/11/2021 

The Ho Chi Minh Stock Exchange (HoSE) plans to develop products like covered warrants bought based on underlying assets including indices/ETF and put warrant, to further improve covered warrant products on the Vietnamese stock market.

Policy choices for Government to design economic master programme
Policy choices for Government to design economic master programme
BUSINESSicon  24/11/2021 

Vietnam’s Government is planning a master programme to gear up for a post-pandemic recovery, which this time requires sophisticated organisation and effective implementation to ensure long-term efficiency.

Vietnam seeks new-generation ODA from Japan
Vietnam seeks new-generation ODA from Japan
BUSINESSicon  24/11/2021 

Prime Minister Pham Minh Chinh suggested Japan provide Vietnam with new-generation official development assistance with maximum incentives and the simplest procedures.

FTAs momentum for Vietnam's exports
FTAs momentum for Vietnam's exports
BUSINESSicon  24/11/2021 

Since joining the World Trade Organisation 15 years ago, Viet Nam has become a part of 17 FTAs, which are either under negotiation or underway. This has helped create a momentum for the country's exports.

VIETNAM BUSINESS NEWS NOVEMBER 24
VIETNAM BUSINESS NEWS NOVEMBER 24
BUSINESSicon  24/11/2021 

VN seeks Japanese investments in renewable energy

Textile - garment industry may flourish in 2022: insiders
Textile - garment industry may flourish in 2022: insiders
BUSINESSicon  24/11/2021 

The textile - garment industry is expected to thrive and earn 40 billion USD in exports next year, when the COVID-19 pandemic is forecast to ease in Vietnam and the world.

VIETNAM BUSINESS NEWS NOVEMBER 23
VIETNAM BUSINESS NEWS NOVEMBER 23
BUSINESSicon  23/11/2021 

Demand for industrial, logistics estates at core of enquiries next year: Savills

Enterprises of agricultural export to China strive to adapt to new market regulations after COVID-19 impacts
Enterprises of agricultural export to China strive to adapt to new market regulations after COVID-19 impacts
BUSINESSicon  23/11/2021 

China's increasing demand for imports of high-quality agricultural products has contributed to boosting the recovery of domestic production and export after the COVID-19 pandemic impacts.

Vietnam - US trade likely to reach 100 billion USD this year
Vietnam - US trade likely to reach 100 billion USD this year
BUSINESSicon  23/11/2021 

Vietnam–US trade could hit 100 billion USD in this year, up 221 times against the figure in 1995 when the two countries normalised relations.

Special working groups set up to speed up public disbursement
Special working groups set up to speed up public disbursement
BUSINESSicon  23/11/2021 

Prime Minister Pham Minh Chinh has decided to establish six working groups to accelerate the disbursement of public investment capital in 2021 at ministries, agencies and localities.

Vietnamese investors pour money into realty bonds despite China’s Evergrande case
Vietnamese investors pour money into realty bonds despite China’s Evergrande case
FEATUREicon  24/11/2021 

Realty bonds often catch special attention in the primary market thanks to attractive interest rates, even though warnings are often issued about their risks.

Vietnam Airlines to fly non-stop to US
Vietnam Airlines to fly non-stop to US
FEATUREicon  24/11/2021 

The first commercial flight from HCM City to the West Coast of the US is scheduled to take off on November 28, 2021. Vietnam Airlines’ CEO Le Hong Ha talks about the opening of the special air route.

Vietnam seeks VND90 trillion to build railways connected to seaports
Vietnam seeks VND90 trillion to build railways connected to seaports
BUSINESSicon  24/11/2021 

Vietnam Railway Authority (VRA) has submitted a plan to call for foreign investment in two railways to be connected to the Lach Huyen and Cai Mep – Thi Vai ports.

Enterprises of agricultural export to China strive to adapt to new market regulations after COVID-19 impacts
Enterprises of agricultural export to China strive to adapt to new market regulations after COVID-19 impacts
BUSINESSicon  23/11/2021 

China's increasing demand for imports of high-quality agricultural products has contributed to boosting the recovery of domestic production and export after the COVID-19 pandemic impacts.

Petrol, animal feed, fertilizer prices cause higher production costs
Petrol, animal feed, fertilizer prices cause higher production costs
FEATUREicon  23/11/2021 

The increase in price of fuels and input materials of many products has occurred in 2021. Notably, the price fever of many commodities has not shown any signs of "cooling down".

Vietnam eyes 4 GW offshore wind power capacity by 2030
Vietnam eyes 4 GW offshore wind power capacity by 2030
BUSINESSicon  23/11/2021 

Vietnam will increase offshore wind power capacity to 4 GW from 1 GW and onshore wind power capacity to nearly 17.34 GW from about 1.26 GW by 2030, according to the latest draft of the National Power Development Plan VIII.

 
 
 
Leave your comment on an article

OR QUICK LOGIN