Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications

Binh Do, Thai Tran and Ninh Nguyen
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Binh Do: Department of Strategic Management, Faculty of Business Administration, Thuongmai University, 79 Ho Tung Mau Road, Hanoi 100000, Vietnam
Thai Tran: Vietnam Electricity Group, 11 Cua Bac Street, Hanoi 100000, Vietnam
Ninh Nguyen: Charles Darwin University, Asia Pacific College of Business and Law, Darwin City, NT 0800, Australia

Energies, 2021, vol. 14, issue 12, 1-21

Abstract: Vietnam is widely considered as an energy-intensive economy. Renewable energy integration has been set as an important goal in the country’s revised Power Development Plan 7 (PDP7). This study first conducted a generation adequacy assessment using the basic probabilistic modeling approach to evaluate how the generation fleet, as foreseen in the PDP7, can meet the demand, despite the fast-changing renewable energy sources (RES) generation. The adequacy of the generation was measured using the Loss of Load Expectation (LOLE, expressed in hours) index. The study then conducted in-depth interviews with key stakeholders to identify and propose efficient strategic approach and policy implementations for integration of RES into the current power system in Vietnam. The results suggested that three major pillars should be considered to ensure the success of RES integration: strategic objectives, structural reforms and system transformation.

Keywords: renewable energy integration; generation adequacy assessment; probabilistic modeling approach; strategic approach; power sector; Vietnam (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2021
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