Vietnamese

Vietnamese people look at solar power generation

HANOI: Vietnam is revising its energy plans to focus more on large solar farms and less on reliance on coal and natural gas. This boom results from favourable government policies, rapidly growing energy demand and ideal conditions for solar energy. The country's updated Power Development Plan 8 will continue this trajectory, with solar making up most of the. . Vietnam solar energy has experienced a remarkable rise in the past decade. Once marginal in the national power mix, solar now plays a pivotal role in meeting the country's surging electricity demand. The country's underlying potential. . Vietnamese authorities are looking to retroactively revise purchase prices for 173 solar and wind projects, reducing revenues by 25% to 46%, risking bankruptcies across the renewable energy sector, and jeopardizing investor confidence needed to meet the government's 2030 targets of 73 gigawatts. . As Vietnam continues its rapid economic development, the demand for sustainable and reliable energy sources has never been more critical.