There are now 24 solar power projects in the pipeline

DNHN - The Ministry of Industry and Trade has recommended to the Government Standing Committee that the 2,428MW solar power plan be extended until 2030.

According to the Ministry of Industry and Trade, 24 solar power projects have been implemented at various levels, such as establishing investment policies, being given land, acquiring equipment, and installation. If these projects are abandoned, it would cost consumers and companies around 12,700 billion VND and pose legal concerns.

Since then, the Ministry of Industry and Trade has reported to the Government's Standing Committee on the possibility of keeping the solar power plan of 2,428MW of the 24 projects listed above by 2030.

The continuance of solar power planning until 2030, according to Deputy Prime Minister Le Van Thanh's declaration on August 9, would have an impact on economic efficiency and energy security. As a result, the Ministry of Industry and Trade must conduct a full group analysis of the aforementioned projects to identify those that have an investment policy, have been awarded land, acquired equipment, or have been installed to have a direction.

According to data from the Vietnam Electrical Group, the total electricity output of the system from the start of the year to the conclusion of seven months was more than 158 billion kWh.

In which coal-fired power still mobilized 63.9 billion kWh, accounting for 40% of total electricity generation; hydropower is only second with 52.5 billion kWh, accounting for 33%. The quantity of power mobilized from renewable energy is ranked third, with a total of 22 billion kWh, accounting for 14%. Solar power accounted for 16.5 billion kWh, whereas wind power accounted for less than 5 billion kWh.

The reason why solar power is not encouraged to grow further is that, in addition to taking up land, solar power can only be created at particular times of the day, necessitating the construction of several backup facilities to supply the demand when solar power ceases to generate concurrently. Furthermore, the simultaneous decline in power generation at the same time every day poses a risk to the power system.

PV