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Vietnam's "Industry and Trade Electronic News" reported on December 4 that even if it was affected by the new crown pneumonia epidemic, the Vietnamese solar market still achieved good development. As of July 2020, the total installed rooftop solar capacity in Vietnam reached 925.8MW. According to Vietnam Power Group's estimates, by the end of 2020, the total installed capacity of rooftop photovoltaic solar energy in Vietnam will reach 2GW, and by 2030, the total capacity will exceed 4GW, of which industrial and commercial projects will account for 95%.
Vietnam is a country with relatively large solar energy resources. The radiation level is about 4-5Kw/hour/square meter/day, and the number of sunshine hours is as high as 2,600 hours/year, especially in the central, western and southern regions. In the face of economic development, environmental factors and the urgent need for electricity in response to climate change, the Vietnamese government has issued many policies to encourage the development of solar energy (connected projects and rooftop solar projects), April 20, 2020 No. 13/QD-TTg Decision No. 11/QD-TTg in 2017 replaced Decision No. 11/QD-TTg in 2017.
Thanks to government incentives, the solar market, including rooftop solar photovoltaics, has developed rapidly in recent years. As of August 2020, the total solar power generation capacity in use in Vietnam is approximately 6.3GW. With rooftop solar alone, the Vietnamese market has added 274MW of capacity in the first five months of 2020. According to statistics, as of July 2020, the total installed capacity of rooftop solar has reached 925.8MW. At the end of 2019, it was only 378MW, which means that from January to July this year, Vietnam added 547.8MW of rooftop solar capacity, and more than half were installed in commercial and industrial fields. According to data from the Vietnam Electric Power Group released in early January this year, it is estimated that by the end of 2020, the total installed capacity of rooftop solar systems across the country will reach 2GW. It is estimated that by 2030, the total installed capacity of rooftop solar in Vietnam will reach more than 4GW, of which industrial and commercial projects will account for 95%.
