Ceo solarplaza seems to be a springboard of our

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- CEO “Solarplaza seems to be a springboard of our success in Iran.” - CMO “Becoming an expert on the Iranian renewable energy market in just a few days. A solidly organized event.” - CEO SOLAR PV TRADE MISSION INDONESIA 2017 “Perfect opportunity as ‘one stop shop’ for market learning and first entrance point.” - COO “One of the best events in the region. Good network and business opportunities.” - Business Field Manager
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WWW.PVTRADEMISSIONVIETNAM.COM White Paper Vietnam GDP $194 billion GDP per capita $1,685 GDP growth 6.68% Inflation Rate - Consumer Prices 4.65% Population 92,700,000 Quick statistics more attractive. Despite these features, Vietnam has a long way to go before solar energy can gain a significant foothold in the country. The draft PPA was applauded by the PV industry but only serves as a starting point, with doubts remaining on the final outline and the bankability of the agreement. Without any utility-scale PV plant up and running, Vietnam must still be considered a nascent market. Its potential, however, is clearly underlined by an extensive pipeline of projects of various sizes by several companies. Introduction Economic Figures 1 https://www.export.gov/article?id=Vietnam-Power-Generation Electrification rate Planned PV expansion in revised National Master Plan VII in 2020, 2025, 2030 850MW 4,000MW 12,000MW 99.2% Estimated investment need for power system coming 20 years 1 Yearly growth rate energy demand (2005-2015) and forecasted through 2020 11.67% 10-12% US $123.8 billion FiT tariffs Installed PV capacity (end of 2016) VND 2,086/ kWh US 9.35 cents/kWh 7.5 MW Credit rating (S&P / Moody’s) BB- / B2 Corruption Perception Index (CPI) 33 Ease of doing business index 64 Power consumption per capita 1,439 kWh 3 Vietnam is considered to be a country with excellent conditions for solar PV. The average solar radiation amounts to 5 kWh/m 2 , which is comparable to that of Spain and Italy. The regulatory environment is continuously providing a more clear framework and improving the breeding ground for solar projects. The National Master Plan VII in the country clearly outlines the need for extra energy capacity and the revised plans also emphasize the importance of renewable energy sources. With the recent approval of Decision 11, solar projects are eligible for several incentives that will make investments
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White Paper Vietnam WWW.PVTRADEMISSIONVIETNAM.COM INSTALLED CAPACITY (2015) Hydro 13,369 MW Gas 468 MW Coal thermal 14,000 MW Oil Thermal 880 MW Gas Turbine 7,446 MW Diesel and Small HPP 1,670 MW Other 90 MW Import 1,000 MW TOTAL 38,923 MW Existing energy landscape The current energy mix is mainly dominated by hydropower plants and coal thermal generating capacity. So far, solar PV has played a very insignificant role. Within the unspecified ‘Other’ category, PV only makes up for about 5MW of capacity. The largest PV plant to date comes in at 1.06MW in the province of Dong Thap. This project, named Sao Mai 1, was developed by the Vietnamese company Sao Mai Group Corporation (ASM), with Koyo Corporation from Japan involved as contractor and supplier. It is noteworthy
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