Why Vietnam?

Solar is a significant part of Vietnam's renewable energy strategy. State-owned utilities are investing in utility scale floating solar projects, the government is offering generous incentives for rooftop solar and large energy users are adopting onsite solar at an increasing rate.

The long-awaited mechanism for corporate power purchase agreements has now been formally issued! The government has recently issued the long-anticipated Decree on the Direct Power Purchase Agreement (DPPA) mechanism, showcasing the country's strong commitment to decarbonise the economy and achieve net-zero emissions targets by 2050.

The PDP8 puts a high emphasis on building a smart grid system that can integrate and safely operate large-scale renewable energy installations.

Solar power will become the dominant energy source in Vietnam’s energy mix in 2050 when the Vietnamese economy is set to be decarbonised.