Latest Breaking News On - சீனா ஏற்றுமதி இறக்குமதி வங்கி - Page 1 : comparemela.com
Nigeria seeks new external loans from multilateral sources
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What China s new guidelines on green development mean for the Belt and Road
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China s Diplomatic and Political Approach in Latin America and the Caribbean
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Solar energy in Vietnam has grown rapidly since 2018, supported by Chinese finance and technology (Image: Alamy)
June 30, 2021
Vietnam has been a Southeast Asia solar success story. It went from having barely any generation in 2018 to a quarter of its total installed capacity being solar – a 100-fold increase in two years.
This rapid growth is mainly down to the Vietnamese government’s feed-in tariff which provides a guaranteed above-market price for renewable energy producers; other incentives signed off in 2017 in an attempt to pivot away from lagging fossil fuel projects; and cheaper solar panels, some of which are assembled domestically.
Around 99% of the installed solar panels in Vietnam come from China. At the same time, China is one of the few countries that still lends Vietnam money to build coal plants.
China key to Vietnam s solar success
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