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Unravelling the past, present and future of solar policy in Vietnam
Solar installs throughout 2020 took Vietnam’s cumulative capacity to more than 19.4GW. Image: JinkoSolar.
Vietnam’s year-end solar installation figure of 9GW captured headlines in January 2021. But how did Vietnam grow its cumulative solar installations from a 2018 base of 106MWp, according to International Renewable Energy Agency (IRENA) Renewable Capacity Statistics, to year end 2020 cumulative PV capacity of over 19.4GWp?
In a word, policy. The uncapped solar Feed-in Tariff (FIT) incentive policies to be more specific.
Cumulative solar capacity of ASEAN nations. IRENA (2020), Renewable Energy Statistics 2020, EVN (2021)
The original FIT1