Photovoltaic power generation helps Vietnam overcome power shortages
According to local media reports, since May this year, continuously breaking temperature records have plunged Vietnam into a serious shortage of electricity. The continuous high temperature has exacerbated the shortage of coal-fired power generation, reservoir depletion, and the failure of old power plants. Therefore, many industrial parks and households in Vietnam are experiencing alternating and prolonged power outages.
Manufacturing in Vietnam has developed manufacturing industry, which is considered as a potential "world factory". However, prolonged and widespread power outages have severely impacted Vietnam's manufacturing industry, especially industrial parks in the northern region. In the context of reduced demand for products in the United States and the European Union, manufacturers' product exports are further affected due to power shortages. Therefore, manufacturers urgently need to find alternative energy sources.
Vietnam aims to alleviate domestic power shortages and global carbon neutrality, and photovoltaic power generation is becoming an important source of electricity supply. According to the Vietnam Power Development Plan VIII (PDP8) approved by the Prime Minister of Prime Minister of Vietnam, the plan will continue to strongly support renewable Energy development, and plans to deploy a 300MW energy storage project.
At the same time, by 2030, rooftop photovoltaics will be prioritized for household use, with a cumulative installed capacity of 10355MW and a power generation capacity of approximately 15.5 billion kWh. The Ministry of Industry and Trade (MOIT) of Vietnam emphasizes that by 2030, Vietnam will install rooftop photovoltaic systems (for self use only) on half of the country's office and residential roofs. Therefore, photovoltaic power generation has begun to highlight its importance in Vietnam.
