World Bank, EVN install solar measurement stations in Vietnam

The aim of the installations will be to collect data on solar radiation, which will be made available freely online to help investors and developers interested in building solar power plants.

“The costs of solar power generation are falling around the world. Vietnam is taking an important step in fostering an enabling environment for clean power generation that is quick to build,” said Ousmane Dione, Country Director for the World Bank in Vietnam.

“The World Bank Group will continue to support Vietnam in meeting the country’s growing demand for electricity with sustainable renewable options, such as hydropower development, more energy efficiency in the industrial sector, and more efficiency of the transmission and distribution grids.”

The new measurement stations in Song Binh, Binh Thuan province, are part of the World Bank’s support for renewable energy in Vietnam. Its new campaign follows the government’s recent introduction of a feed-in tariff (FIT) rate of VND 2,086 ($0.091)/kWh over periods of 20 years. The scheme came into force in early June of this year and will end in June 2019. The government is also offering developers tax breaks on imported equipment.

By Frederic Brown