The rising number of power outages jeopardized the government’s economic momentum a few years ago, prompting it to resort to the solar sector. Years of fierce expansion meant that power consumption from factories established by international conglomerates skyrocketed.
A plan to accomplish that target with an ambitious array of coal power stations has slipped off track, owing in part to opposition from local officials worried about air quality and finance issues as financial firms ceased funding for the dirtiest power source.
The comparable move to renewable energy must occur in numerous developing nations if global emissions ought to be canceled out in the coming years, a timescale required to avert dangerous climate change.
Vietnam’s Future Renewable Energy Plan
A power growth plan released by Vietnam’s Department of Trade and Industry, on the other hand, predicts a multiplication of wind energy output by 2030 and a threefold sustainable energy output between 2030 and 2045.
In February 2021, the Vietnamese administration introduced a proposal of the country’s most recent national power growth plan, PDP 8, for the years 2021 to 2030. The plan PDP 8 boosts wind and solar output and proportions of the country’s electricity sector. The draft PDP 8 stresses improving grid infrastructure to guarantee stable transmission with a growing proportion of renewables.
In 2020, Vietnam’s solar and wind capacities were 16.6 GW and 0.6 GW, accordingly. Vietnam intends to boost solar and wind production by 2030, according to the draft PDP 8. Adding non-hydro renewable capacity would most certainly assist Vietnam in reducing its reliance on coal, reducing carbon emissions, and increasing energy-producing potential to serve the country’s increasing electrical demand.
The draft PDP 8 varies dramatically from prior plans, which depended primarily on hydropower, charcoal, and natural gas supplies, with its stronger focus on alternatives. Vietnam traditionally relied on coal imports to cover rapidly expanding electrical demand, which coal-fired power facilities met. In fact, coal accounted for over half of Vietnam’s electrical output in 2020.
Vietnam’s poor infrastructure constraints these energy expansions. To handle capacity expansions and to deliver power to where it is required, the country requires additional transmission and distribution facilities. The government just passed a new law that strengthens and promotes grid construction.
How Can Generation Solar Data Help in Vietnam?
Because of this amount of solar, the traditional consumption and power forecasting methodologies that have supported grid operators begin to encounter significant amounts of uncertainty, notably during the morning hours, as a result, there is a demand for new technology that can reliably anticipate solar peak demand, with a concentration on high-resolution cloud photography.
Our Enterprise solution is supported by dependable, quick update, and worldwide coverage solar forecasting solutions that use powerful Generation Solar Data API and API Toolkit. They also provide corporate price reductions for a large number of sites and 24/7 assistance with accuracy assurance.