Solar & Storage Live Vietnam

This is great, thanks for sharing Sohail. So many applications across the SEA region for this technology - the region is packed full of condominiums with balconies and verandas. Loads of opportunities at in our 2025 #Solar & #Storage Live shows across the region: Solar & Storage Live Thailand - February 2025, Bangkok Solar & Storage Live Malaysia - April 2025, Kuala Lumpur Solar & Storage Live Philippines - May 2025, Manila Solar & Storage Live Vietnam - July 2025, Ho Chi Minh City Solar & Storage Live Indonesia - November 2025, Jakarta Drop me a line if you want to get your stake in the ground (or increase it!) in Asia's #solar and #energystorage future.

As the global economy shifts towards sustainable development and reducing the impacts of climate change, Vietnam’s abundant renewable energy potential is attracting significant foreign investment. ⚡️ 1. Global Trend Toward Green Energy: — The clean energy transition is now a global priority. The International Energy Agency (IEA) projects that by 2024, renewable energy will account for 30% of global electricity production. — Vietnam, along with 148 other nations, has committed to achieving net-zero emissions by 2050. ☀️ 2. Vietnam’s Renewable Energy Potential: — In 2022, Vietnam approved Power Development Plan VIII, targeting renewable energy to account for 67.5-71.5% of the energy mix by 2050. — With these policies in place, foreign investors are increasingly interested in tapping into Vietnam’s burgeoning renewable energy market. 💰 3. Investor Interest in Vietnam: — Tesla's Exploration of Southeast Asia: Tim McBride, Business Development Director for APAC at Tesla, noted that Tesla is evaluating Vietnam as part of its broader strategy to accelerate the transition to sustainable energy in Southeast Asia. — Voltronic Power's Local Investment: Voltronic Power has already established a subsidiary in Vietnam, focusing on energy supply solutions, including solar grid systems. - Taiya Renewable Energy’s Wind Power Focus: Jerry Lee , CEO of TAIYA Renewable Energy, announced plans to collaborate with Vietnamese companies on wind turbine and blade manufacturing. 🧐 4. Challenges and Considerations for Investors: — Need for Clear Policies and Skilled Workforce: Foreign investors have highlighted the importance of clear regulatory frameworks and a skilled labor force to drive renewable energy growth. Hao-Wei Chiu from Deutsche Windtechnik emphasized the need for experienced technicians in both onshore and offshore wind projects, as well as strong governmental support. — Vietnam’s Strategic Position: Vietnam’s renewable energy sector offers vast opportunities, but industry players, such as Vũ Văn Hoan from PTSC M&C , call for streamlined policies to better support supply chain development and foreign investment. — Barriers to Entry: AKROCEAN's Vietnam office pointed out that while Power Development Plan VIII sets out strong ambitions, more detailed legal and regulatory frameworks, especially around offshore development, are necessary to reduce investor risk. 🙌 5. Outlook: With the right policies in place, Vietnam is well-positioned to attract more foreign capital to its renewable energy sector. The country’s commitment to net-zero emissions, combined with growing interest from international players, makes it a market to watch in the coming years. #RenewableEnergy #Vietnam #ForeignInvestment #SustainableGrowth #GreenEnergy #WindPower #SolarPower #EnergyTransition #NetZero #CleanTech #SolarStorageLiveVN

Đà Nẵng has set an ambitious target to have 50% of both public office buildings and residential homes using rooftop solar power by 2030. This goal is part of the city’s broader strategy to expand renewable energy production and reduce reliance on traditional power sources. ☀️ 1. Solar Power Growth: — By 2030, Đà Nẵng aims to add 30 MW of rooftop solar capacity, with growth measured from 2021 to 2030. — Half of the city’s public buildings and residential houses are expected to use rooftop solar systems by the end of the decade. ♻️ 2. Waste-to-Energy Initiatives: — Đà Nẵng plans to develop an 18 MW power plant using solid waste from the Khánh Sơn waste treatment facility. — The city will continue exploring other renewable energy sources, including wind, biogas, natural gas, wave energy, and small-scale hydroelectric projects. 🏗️ 3. Regulatory and Development Plans: — The Department of Industry and Trade will oversee the city’s renewable energy development in accordance with the Power Development Plan VIII. — Various municipal departments are tasked with coordinating land use, technology assessment, and financial support to facilitate the installation of rooftop solar panels in public and private sectors. 💡 4. Implications: — Green Energy Leadership: Đà Nẵng’s push for solar adoption positions the city as a leader in renewable energy in Vietnam, supporting the country’s broader sustainability goals. — Long-Term Economic Benefits: By investing in renewable energy, Đà Nẵng could reduce energy costs, improve air quality, and attract more eco-conscious businesses and residents. — Strategic Collaboration: Success will rely on coordination between municipal agencies and private sector stakeholders, particularly in identifying suitable locations and securing investments for clean energy projects. This renewable energy expansion is in line with Vietnam’s national efforts to promote clean energy and sustainability, contributing to the country’s long-term energy security and environmental protection. #RenewableEnergy #SolarPower #DaNang #GreenGrowth #Sustainability #Vietnam #CleanEnergy #EnergyTransition #SmartCities #SolarStorageLiveVN

Despite ambitious plans to expand access to renewable energy through the Direct Power Purchase Agreement (DPPA) mechanism, Vietnam’s efforts are facing significant delays due to bureaucratic challenges. Since the release of the DPPA Decree in July 2024, no formal applications have been submitted to participate in the scheme. 🚧 1. Key Challenges: Bureaucratic Hurdles Stall DPPA Progress — No formal applications have been submitted for participation in the DPPA scheme. — Despite the Ministry of Industry and Trade and EVN’s July 2024 guidelines, stakeholders are still finalizing documents, including cost calculations and system usage fees. — The Electricity Regulatory Authority of Vietnam is working to streamline participation, but progress remains slow. 🏭 2. Expansion of the DPPA Mechanism: Aiming to Include Smaller Businesses — In parallel, Prime Minister Pham Minh Chinh has issued new directives aimed at broadening the DPPA’s reach. — Initially limited to large electricity consumers (those using over 200,000 kWh per month), the DPPA will now allow smaller export-oriented businesses to access renewable energy. — The directive aims to meet the rising demand for clean energy, particularly in markets with stringent environmental standards. — The goal is to create a more transparent and accessible electricity market, supporting sustainable supply chains for Vietnam’s exports. ☀️ 3. Review of Power Development Plan 8 (PDP8): Accelerating Renewable Integration — The Prime Minister has tasked Deputy Prime Ministers Tran Hong Ha and Bui Thanh Son with expediting the review and update of PDP8. — The revised plan, due by October 2024, will ensure that the national power system can accommodate more renewable energy projects. ⚡️ 4. Implications of the DPPA Expansion The DPPA mechanism’s expansion holds significant implications for Vietnam’s energy transition. If implemented successfully, it could help smaller businesses meet international clean energy standards while spurring investment in the renewable energy sector. As Vietnam continues to position itself as a leader in green growth, the resolution of these bureaucratic obstacles will be pivotal in achieving the country’s sustainability goals. #RenewableEnergy #Vietnam #EnergyTransition #GreenGrowth #Sustainability #DPPA #CleanEnergy #ExportMarkets #SolarStorageLiveVN

[Pic's correction: It's 'trillion', not 'billion'. Apparently I'm still taken aback by the sheer amount of loss.] EVN is facing an increasingly complex financial challenge as it continues to operate in a highly imbalanced pricing environment. The organization has been unable to sell electricity at prices high enough to cover rising expenses. 💸 1. Financial Losses: EVN's Struggles — EVN recorded a net loss of approx. VND 21.8 trillion ($890 million) for 2023, primarily driven by soaring production costs. The overall operating loss amounted to VND 34.2 trillion, but other related revenues brought the final loss figure down. — The average production cost in 2023 was VND 2,088.9 per kWh, while EVN could only sell at VND 1,953.57 per kWh, reflecting a significant gap between cost and revenue. This structure—"buying high, selling low"—has compounded the company’s losses. — Over 2022 and 2023, EVN accumulated losses exceeding VND 70 trillion ($3 billion), and even after accounting for other income, the figure remains close to VND 50 trillion. The situation is further aggravated by an additional VND 18 trillion ($735 million) in exchange rate discrepancies from electricity purchase agreements. 📈 2. Rising Power Generation Costs: The Main Culprit — The cost of generating electricity surged by 7.06% in 2023 compared to 2022. This increase was mainly attributed to the rising share of expensive power sources like coal, renewable energy, and oil-fired power. Hydropower output, typically cheaper, dropped significantly due to unfavorable weather conditions, forcing EVN to rely on more expensive alternatives. — While renewable energy, especially solar and wind, saw notable growth; coal remained the dominant and expensive energy source. Coal-fired electricity increased by 29.67%, far outpacing renewable energy growth. This shift in energy mix pushed generation costs even higher. 🕸️ 3. Debt Web: Complicating the Situation — The financial strain is evident also in EVN's ecosystem. Subsidiaries and partners, such as PV Power and PV GAS, have substantial unpaid invoices. As of mid-2024, PV Power reported owing EVN totaling over VND 11 trillion. This chain of unpaid debts highlights liquidity and financial strain across Vietnam’s power sector. 🧐 4. Strategic Outlook: Systematic Overhaul & Renewable Integration — Apart from it management inefficiencies, EVN's losses reveal structural issues tied to Vietnam’s energy policy. The mismatch between market-driven input costs and regulated output prices is the key bottleneck. This is not just an EVN problem; it’s a systemic issue that demands urgent government attention. — Although renewable energy sources, the pace of their integration remains slow compared to the rapid increase in coal consumption. Policymakers must accelerate efforts to bring more cost-effective renewable projects to life, mitigating the need for high-cost coal and gas-fired power. #SolarStorageLiveVN #EVN

Vietnam's expansion of rooftop solar regulations in industrial zones presents a significant opportunity for businesses and the broader economy. With the right policies, the potential benefits could be substantial. 🙌 1. Government Support: Prime Minister Phạm Minh Chính has backed the plan to allow industrial zone investors to sell up to 20% of excess solar energy back to the grid at last year’s average price, part of a draft decree promoting rooftop solar. ☀️ 2. Solar Potential: Vietnam’s industrial parks can harness an estimated 22 GW of solar energy across 428 parks and over 1,000 clusters, many of which can support 50 MW installations. 💰 3. Business Benefits: — Revenue Generation: Companies can utilize large rooftop spaces to produce electricity and sell excess power, boosting profitability. — Energy Independence: Rooftop solar can reduce reliance on the national grid, stabilizing costs for energy-intensive businesses. — Global Competitiveness: Adopting renewable energy positions businesses to meet international sustainability standards. 🚧 4. Challenges: — Infrastructure Access: Clear guidelines on using industrial zone grid infrastructure for energy trading are essential. — EVN's Role: As decentralized power generation increases, EVN must manage transmission costs and market services, which could affect its financial stability. — Dual-Tariff System: Experts suggest a two-part tariff system to ensure cost recovery for grid management as rooftop solar adoption rises. As Vietnam stands at the crossroads of energy innovation and economic growth, the expansion of rooftop solar regulations in industrial zones represents a pivotal shift in the nation’s energy landscape. But as opportunities arise, so do questions that challenge the status quo: Will the government effectively navigate the intricate balance between promoting solar energy and ensuring the stability of the national grid? And can Vietnamese businesses harness this potential to not only enhance their profitability but also lead the charge toward a sustainable future on the global stage? In a world increasingly defined by its energy choices, Vietnam's commitment to renewable energy could either spark a revolution or reveal the limitations of its ambitions. The stakes have never been higher. #SolarEnergy #Sustainability #RenewableEnergy #Vietnam #IndustrialZones #GreenEconomy

Prodezi EIP, a newly launched 400-hectare eco-industrial park in Long An province, Vietnam, is the largest in the Mekong Delta, showcasing the region’s commitment to green energy. Integrating renewable energy, water recycling, green buildings, and organic farming, it sets a benchmark for eco-friendly industrial zones. This initiative aligns with Vietnam’s clean energy goals and presents significant business opportunities in renewable energy, solar, and storage sectors. If you're interested in partnerships, investments, and solutions, Solar & Storage Live Vietnam is the ideal platform. Reach out to explore opportunities! 🗓️ Date: July 9th & 10th, 2025

As global supply chains increasingly prioritize renewable energy, Vietnamese exporters face mounting pressure to adopt solar power. However, a complex web of regulations and policy delays could impede their progress. ⚡️ 1. Client Demands for Renewable Energy Vietnamese exporters are racing against time: Buyers, especially in the EU and U.S., demand exporters to incorporate renewable energy into their operations to continue trading. Some are already seeking alternative suppliers in other countries. Without a clearer policy framework, Vietnamese factories risk losing orders to competitors. 🏭 2. Two Options for Factories: — Participating in Direct Power Purchase Agreements (DPPA): This option is limited to large factories consuming at least 200,000 kWh per month, with only 7,000 businesses qualifying. — Installing their own rooftop solar system: A more feasible option for most factories, but progress is hindered by policy barriers and unclear regulations. 🚧 3. Policy and Regulatory Roadblocks: — Limited Capacity for Rooftop Solar: Vietnam’s Power Plan VIII caps new rooftop solar capacity at 2,600 MW by 2030, with significant discrepancies in allocations across provinces. For example, Hải Phòng's allocation of 107 MW falls far short of the 400 MW demand from its industrial parks. — Conflicting Guidelines: Inconsistent language in regulations leaves businesses unclear on whether rooftop solar capacity is "unlimited" or "capped". — Zoning Restrictions: Regions like the Red River Delta and Southeast Vietnam face development limitations under the National Master Plan, hampering their renewable energy targets. 💰 4. Investment and Collaboration Issues: Many factories lack the necessary manpower, expertise, or capital to install solar panels. While solar companies are ready to partner by providing and maintaining the systems, the Ministry of Industry and Trade (MOIT) classifies this as electricity trading rather than self-consumption, complicating approvals. 🤯 5. Impact on Solar Companies: Solar firms are frustrated by delays and regulatory hurdles, leading some to explore opportunities abroad, such as in Cambodia, where policies are perceived as more business-friendly. 🧐 6. Final Thoughts: While discussions around allowing partial sales of excess solar power back to the grid are underway, exporters urgently need to install renewable systems to secure contracts. Without swift policy action, Vietnam’s export competitiveness could erode in key markets. After all, Vietnam’s solar power policy is at a critical juncture. To meet global buyer demands and support exporters, the government must resolve regulatory inconsistencies, lift capacity limits, and enable partnerships with solar firms. Inaction could result in the manufacturing sector losing ground to international competitors. #SolarEnergy #RenewableEnergy #Vietnam #Exports #Sustainability #GreenEnergy #SupplyChain #DPPA

Bến Tre, a coastal province in the Mekong Delta of southern Vietnam, is emerging as a pivotal player in Vietnam's energy transition, strategically utilizing its 65 km coastline to attract significant investments in renewable and new energy projects. ☀️ 1. Renewable Energy Potential Bến Tre’s coastal geography presents considerable opportunities for renewable energy, particularly in wind and solar power. The province has already sanctioned 19 wind power projects with a combined capacity exceeding 1,007 MW, of which nine are nearing completion and will contribute approximately 250.75 MW to the national grid. 💧2. Hydrogen Development Initiative In a groundbreaking move, Bến Tre has proposed the establishment of the “Bến Tre Green Hydrogen Complex,” positioning itself at the forefront of Vietnam’s hydrogen production efforts. This pilot project aims to utilize locally generated wind and solar energy to support self-consumed hydrogen production. 🌬️ 3. Emphasis on Offshore Wind Bến Tre is placing a strong emphasis on offshore wind power as a cornerstone of its energy strategy. The province is prioritizing the development of self-consumed energy systems to bolster its hydrogen production initiatives, setting a clear path for sustainable energy growth. 🏛️ 4. Robust Policy Support The Ministry of Industry and Trade is encouraging Bến Tre to streamline administrative procedures and create favorable investment policies to attract energy companies. Legislative reforms aimed at bolstering renewable energy investment, particularly in wind and hydrogen sectors, are also on the horizon, with updates to the Electricity Law anticipated soon. Deputy Prime Minister Nguyễn Hòa Bình has also commended Bến Tre for spearheading discussions on new energy solutions and has expressed optimism about the province's potential to become a hydrogen energy hub in Vietnam. Bến Tre’s commitment to advancing green energy aligns seamlessly with Vietnam’s overarching sustainable development goals, providing a model for other regions to follow in their quest for renewable energy advancement. #VietnamEnergy #RenewableEnergy #GreenHydrogen #WindPower #Sustainability #BếnTre #EnergyTransition #OffshoreWind

Vietnam’s proposed amendments to its Electricity Law have drawn heightened attention from energy firms, particularly as the country looks to introduce mechanisms aimed at creating a more competitive and transparent power market. These revisions are seen as critical to overcoming long-standing challenges that have hindered renewable energy investments. ⚡️ 1. Increased Flexibility: The draft introduces mechanisms to diversify ownership structures and business models, facilitating investments in wind, solar, and other renewable energies. 💵 2. Price Clarity: Concerns remain over the pricing mechanism for power purchase agreements (PPA) with EVN (Vietnam Electricity). Industry leaders advocate for clarity, suggesting that auction-winning prices should automatically form the basis for contracts with EVN, without the need for renegotiation. ☀️ 3. Rooftop Solar: While new regulations (Decree 80/2024) support direct PPAs for solar power, investors argue that the draft law needs to detail frameworks for third-party investments in rooftop solar, easing financial burdens on manufacturers. 🗣️ 4. Direct Negotiation for Unregulated Projects: Proposals include allowing flexible pricing for projects where standardized tariffs are not yet defined, enabling power producers and buyers to negotiate terms freely. 🔌 5. Clarifying Grid Connection: Definitions surrounding grid connection, a key issue for rooftop solar projects, need clearer guidelines. This would help resolve disputes over whether a project is directly or indirectly connected to the national grid. 💰 6. Investor Security: Foreign investors have called for government assurances on EVN’s financial stability to mitigate risks. They suggest including guarantees in the law to ensure that EVN’s payment obligations are met, enhancing investor confidence. As Vietnam moves to reform its Electricity Law, the question remains: how much control should the state retain in a rapidly evolving energy market? Can Vietnam strike the right balance between fostering competition and safeguarding state interests, or does real progress demand a rethink of the state’s monopoly over power? #EnergyLaw #VietnamEnergy #RenewableEnergy #SolarPower #WindEnergy #ElectricityLaw #GreenTransition #CleanEnergy #SolarStorageLiveVN