Vietnam suspends solar power projects

Why are solar and wind farms limiting operations in Vietnam?

Solar and wind farms forced to limit operations due to infrastructure limitations following the renewables boom. Vietnam's Ninh Thuan province has more solar and wind energy projects than the country's national grid can handle [Courtesy of Yen Duong]

How many solar projects are there in Vietnam?

However, as of May 2023, the total installed capacity of wind, solar, and rooftop solar projects in Vietnam had already reached a staggering 21,839MW, greatly surpassing targets set in PDP7.

Are renewable investors unable to sell the power they generate in Vietnam?

Some renewable investors in Vietnam are unable to sell all the power they generate [Courtesy of Yen Duong] Trung Nam Group’s solar farm Thuan Nam, the largest such facility in Southeast Asia, is among them.

Why are small-scale solar farms limiting their operations in Vietnam?

Across southern Vietnam and the Central Highlands, authorities are asking small-scale energy producers like Kiet and industrial solar farms alike to limit their operations due to infrastructure limitations.

Is Vietnam a good place to invest in renewables?

But despite the risks, Vietnam’s market for renewables, especially wind, remains attractive and profitable in the eyes of many investors, according to Thang. Vietnam is expected to approve its eighth power development plan for 2030 this May, after two years of revisions and delays.

Will Vietnam approve its 8th power development plan for 2030?

Vietnam is expected to approve its eighth power development plan for 2030 this May, after two years of revisions and delays. The latest draft was revised to reflect the government’s commitment to becoming carbon neutral by 2050.