Commercial appeal
Has Vietnam’s moment in the sun finally arrived? New solar installations soared in 2018, pushing the nation’s cumulative installed PV capacity from just 8 MW to 106 MW, according to statistics from the International Renewable Energy Agency (IRENA). And while development has continued to surge at the utility scale since the start of this year, it’s the commercial and industrial (C&I) segment that may ultimately offer the greatest long-term promise.
Developers could install up to 2 GW of utility-scale PV in Vietnam in 2019, according to IHS Markit analyst Josefin Berg. “There is tremendous activity going on right now – almost purely in the utility-scale segment.”However, a recent series of policy announcements – and looming revisions to the government’s feed-in tariff (FIT) program – have …
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