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

Author

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  • Hang Thi-Thuy Le

    (Department of Engineering, University of Palermo, 90128 Palermo, Italy
    Institute of Energy Science, Vietnam Academy of Science and Technology, Hanoi 11307, Vietnam)

  • 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)

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.

Suggested Citation

  • Hang Thi-Thuy Le & Eleonora Riva Sanseverino & Dinh-Quang Nguyen & Maria Luisa Di Silvestre & Salvatore Favuzza & Manh-Hai Pham, 2022. "Critical Assessment of Feed-In Tariffs and Solar Photovoltaic Development in Vietnam," Energies, MDPI, vol. 15(2), pages 1-20, January.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:2:p:556-:d:723892
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    References listed on IDEAS

    as
    1. Eleonora Riva Sanseverino & Hang Le Thi Thuy & Manh-Hai Pham & Maria Luisa Di Silvestre & Ninh Nguyen Quang & Salvatore Favuzza, 2020. "Review of Potential and Actual Penetration of Solar Power in Vietnam," Energies, MDPI, vol. 13(10), pages 1-25, May.
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    Cited by:

    1. Qureshi, Shahab & Phan-Van, Long & Nguyen, Linh Dan & Nguyen-Duc, Tuyen, 2023. "Rooftop solar policies feasibility assessment model: Vietnam case study," Energy Policy, Elsevier, vol. 177(C).
    2. Abbas Al-Refaie & Natalija Lepkova, 2022. "Impacts of Renewable Energy Policies on CO 2 Emissions Reduction and Energy Security Using System Dynamics: The Case of Small-Scale Sector in Jordan," Sustainability, MDPI, vol. 14(9), pages 1-19, April.
    3. Fernando García-Muñoz & Miguel Alfaro & Guillermo Fuertes & Manuel Vargas, 2022. "DC Optimal Power Flow Model to Assess the Irradiance Effect on the Sizing and Profitability of the PV-Battery System," Energies, MDPI, vol. 15(12), pages 1-16, June.
    4. Arnob Das & Susmita Datta Peu & Md. Abdul Mannan Akanda & Abu Reza Md. Towfiqul Islam, 2023. "Peer-to-Peer Energy Trading Pricing Mechanisms: Towards a Comprehensive Analysis of Energy and Network Service Pricing (NSP) Mechanisms to Get Sustainable Enviro-Economical Energy Sector," Energies, MDPI, vol. 16(5), pages 1-27, February.

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