4.5 Review

Critical Assessment of Feed-In Tariffs and Solar Photovoltaic Development in Vietnam

Journal

ENERGIES
Volume 15, Issue 2, Pages -

Publisher

MDPI
DOI: 10.3390/en15020556

Keywords

solar policy; photovoltaic; feed-in tariffs; levelized cost of electricity; Vietnam

Categories

Funding

  1. project Design and installation of a grid connected microgrid 100 kWp PV plant and study solutions for developing solar generation in Vietnam to 2030, taking into account greenhouse gas emission reduction [NDT.80.ITA/20]

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Vietnam has become the world's third largest solar photovoltaic market, with feed-in tariffs playing a crucial role in the development of the renewable energy industry. This paper reviews the feed-in tariffs for grid-connected solar photovoltaic applications in different regions of Vietnam and examines the relationship between electricity production costs and feed-in tariffs.
Vietnam became the world's third largest market for solar photovoltaic energy in 2020. Especially after the Vietnamese government issued feed-in tariffs for grid-connected solar photovoltaic systems, the installed capacity of solar photovoltaic applications exploded in 2019. From studies carried out in the relevant literature, it can be said that support policies are highly important for the initial development of the renewable energy industry in most countries. This is especially true in emerging countries such as Vietnam. This paper reviews the feed-in tariffs issued and deployed in different regions of Vietnam for grid-connected solar photovoltaic applications. Moreover, the paper takes a closer look at the costs of electricity production from these systems in relation to the feed-in tariffs issued in Vietnam. The results show that the gap between the levelized cost of electricity and the feed-in tariff for solar photovoltaic electricity is relatively high, particularly in regions with a lower irradiation potential.

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