Price of solar panels on factory roofs in Hanoi

4 FAQs about Price of solar panels on factory roofs in Hanoi

How many rooftop solar projects are there in Vietnam?

Vietnam has 103,000 rooftop solar projects with combined installed capacity of 9.5 GW, the VnExpress report said. Last week, the government said it had issued a new decree to allow factories to directly buy electricity from renewable power suppliers via Direct Power Purchase Agreements.

Does Vietnam have a rooftop solar market?

The rooftop solar market in Vietnam has witnessed remarkable growth, with the total capacity for solar power reaching approximately 16,567 MW by the end of 2022. Notably, rooftop solar alone contributes over 9,000MW to this figure, underscoring the significant role of rooftop installations in the nation's renewable energy portfolio.

Why are rooftop solar systems important in Vietnam?

In the bustling urban centers of Vietnam, rooftop solar systems are indispensable. These systems help balance energy consumption and reduce electricity costs for consumers, particularly in densely populated areas.

Which companies are launching rooftop solar panels in Vietnam?

International firms, such as SunPower and First Solar, have also made significant inroads into the Vietnamese market. By bringing advanced technology and expertise, these companies are partnering with local developers to navigate the regulatory landscape and drive the adoption of rooftop solar panels.