Vietnam has smashed past steady Australia in terms of solar PV capacity installations after a huge number of projects were connected to the Southeast Asian country’s national grid ahead of the 30 June deadline to receive generous feed-in tariff (FiT) subsidies. More than 60% of the Vietnamese PV capacity was commissioned in June alone, as developers rushed to meet the FiT deadline.
According to PV-Tech, While Australia’s operational capacity grew fourfold from under 600MWac to 2.7GWac over the last year, the Vietnamese market went from less than 10MWac operational capacity as of June 2018 to over 4GWac, a 400-fold increase, according to Norway-headquartered consultancy firm Rystad Energy. Rystad Energy noted that the average time for construction and commissioning in Vietnam was 275 days, highlighting what the consultancy described as exceptional speed.
Vietnam News Agency said 82 solar plants with a total capacity of 4,460MW have been grid-connected overall in Vietnam. This also means that solar is approaching 10% of Vietnam’s total electric power capacity. Furthermore, another 13 projects with a combined capacity of 630MW are scheduled to come online by the end of this year.
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Date: Jul 10, 2019 @ 09:20
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