Vietnam’s energy demand is predicted to increase by over 10 percent by 2020, while energy consumption is projected to increase four-fold by 2030 compared to 2014. To meet the growing demand which cannot be fulfilled by sources like coal and hydro, the government is promoting other renewable sources such as biomass, solar and wind to reduce the gap between demand and supply.
The potential for solar energy in Vietnam is between 60 and 100 GWh per year for concentrated solar power, while for photovoltaic (PV) systems, it is around 0.8 to 1.2 GWH per year. With around 1,600 to 2,700 hours of sunlight per year and an average direct normal irradiance (DNI) of 4-5 kWh/m2, the country has huge potential for solar power. DNI is the amount of solar radiation received per unit area by a surface perpendicular (normal) to the rays.
To Understand Renewal Energy Market in Vietnam, The PolicyTimes spoke to Mr.Subrahmanyam Pulipaka, CEO of National Solar Energy Federation of India at the lawns of Vietnam Embassy where Industry leader was invited by Ambassador of Vietnam to India Pham Sanh Chau to know about Investment Opportunities in Vietnam.
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