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

Hang Thi-Thuy Le, Eleonora Riva Sanseverino, Dinh-Quang Nguyen, Maria Luisa Di Silvestre, Salvatore Favuzza and Manh-Hai Pham
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Hang Thi-Thuy Le: Department of Engineering, University of Palermo, 90128 Palermo, Italy
Eleonora Riva Sanseverino: Department of Engineering, University of Palermo, 90128 Palermo, Italy
Dinh-Quang Nguyen: Institute of Energy Science, Vietnam Academy of Science and Technology, Hanoi 11307, Vietnam
Maria Luisa Di Silvestre: Department of Engineering, University of Palermo, 90128 Palermo, Italy
Salvatore Favuzza: Department of Engineering, University of Palermo, 90128 Palermo, Italy
Manh-Hai Pham: Faculty of Electrical Engineering, Electric Power University, Ministry of Industry and Trade, Hanoi 11917, Vietnam

Energies, 2022, vol. 15, issue 2, 1-20

Abstract: 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.

Keywords: solar policy; photovoltaic; feed-in tariffs; levelized cost of electricity; 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: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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