Will EVN buy power from solar panels in Vietnam?

Solar panels work near wind turbines in Quy Non, Vietnam on Jun 11, 2023. (Photo: AP Photo/Minh Hoang) HANOI: Vietnam's national power grid operator EVN plans to buy excess power generated by solar panels on homes and offices to feed into its own supply, state media reported on Friday.

How many rooftop solar projects are there in Vietnam?

Vietnam has 103,000 rooftop solar projects with combined installed capacity of 9.5 GW, the VnExpress report said. Last week, the government said it had issued a new decree to allow factories to directly buy electricity from renewable power suppliers via Direct Power Purchase Agreements.

Will Vietnam let power-guzzling factories buy power from wind & solar?

Vietnam will let electricity-guzzling factories buy electricity from wind and solar power producers, helping big companies like Samsung Electronics meet their climate targets and relieving pressure on the country’s overstrained grid. The government decree allowing Direct Power Purchase Agreements (DPPAs) was approved earlier this month.

Will Vietnam have half of its office buildings powered by solar?

Vietnam aims to have half of its office buildings and homes powered by rooftop solar panels by 2030, under a master power development plan approved by the government in May last year. The country has solar energy potential of up to 963 gigawatts (GW), according to the plan.

How much solar power does Vietnam have?

Vietnam currently has around 18.47 GW of solar capacity installed, according to data from Apricum’s new “Solar power in ASEA” report. The National Power Development Plan VII reduced solar targets up to 2045 to 13.6 GW of utility-scale and 3.4 GW of rooftop solar.

Will EVN buy power from solar panels?

Our Standards: The Thomson Reuters Trust Principles. Vietnam's national power grid operator EVN plans to buy excess power generated by solar panels on homes and offices to feed into its own supply, state media reported on Friday.