An eye on growing Asian markets
Over the past decade, the entire Asian continent has soared in its power generation capabilities, bolstered by rapid economic growth. As costs have continued to decline for solar photovoltaics – coupled with the technology’s ability to provide clean, emissions-free power – solar has become one of the most important energy sectors for many Southeast Asian nations. The rising deployment of solar PV has been significant – in some markets more than others.
In 2019, Vietnam was a shining star among growing Asian solar markets. Driven by its generous feed-in-tariff (FIT) and other encouraging policies from the central government, the country is now Southeast Asia’s hottest solar market. Between February and April alone, 4.46 GW of solar PV capacity was connected to the grid, spurred by a rush …
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