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4 FAQs about [Turnkey containerized solar quotation in Vietnam 2030]
Is Vietnam ready for a competitive bidding mechanism for solar energy?
Vietnam is now developing a competitive bidding mechanism for solar energy to improve grid efficiency, promote competition, and ensure a stable energy supply, but it’s currently in the works and hasn’t been implemented yet. As such, Vietnam has been in a transition phase since the end of the FiT policy.
Is solar power a viable option in Vietnam?
The levelized cost of electricity (LCOE) for solar power in Vietnam has decreased by over 50% since 2018, making it an attractive option for both utility-scale and rooftop installations. Vietnam’s commitment to reducing greenhouse gas emissions and combating climate change has been a significant driver of solar power adoption.
Can solar and wind power meet Vietnam's near-term energy needs?
Such financial hurdles have challenged the government’s ability to use fossil fuels to expand electricity supply in step with Vietnam’s fast-growing economy. Contrastingly, solar and wind power’s lower capital requirements and faster development timelines are well-suited to meeting Vietnam’s near-term energy needs.
How does solar irradiation affect tariffs in Vietnam?
The numbers should be read more as an indication of how the parameters affect tariffs than as a representation of the current situation in Vietnam or as a prediction of a likely tariff. Holding other parameters equal, the level of solar irradiation has a large impact on prices—as much as US$0.02/kWh for sites in Vietnam.