As a market with huge potential, Vietnam has always been the focus of UISOLAR.

According to reports, in order to ease the pressure on the power grid, Vietnam is looking for ways to "cool down" rooftop photovoltaic installations.It plans to reduce the feed-in tariff subsidies available for rooftop photovoltaic projects from April, and the reduction ratio will be as high as 30.8%-37.9%.

"Grand Unity" pointed out that the reduction of the rooftop photovoltaic feed-in tariff subsidy by the Ministry of Industry and Trade of Vietnam was “expected”. As early as January this year, the National Power Dispatching Center of Vietnam proposed that due to the excessive growth of rooftop photovoltaic installation last year, Vietnam will cut 500 million kWh of photovoltaic power generation this year. In addition, the photovoltaic power generation market will be planned as a whole according to clear standards to limit disorderly development.

It is understood that in 2020, there has been a “running wave” of rooftop photovoltaic installation in Vietnam. In December alone, the installed capacity exceeded 6.7 GW, and the annual new installed capacity exceeded 9 GW. As of January this year, the cumulative installed capacity of rooftop photovoltaics in Vietnam has increased from 378 MW in 2019 to 9.583 GW, an increase of 2435 percent.

In fact, in recent years, Vietnam has become one of the fastest growing markets for renewable energy scale electricity in Asia. However, due to the lagging development of the Vietnamese power system, the surge in the installed capacity of renewable energy power has also caused the industry to worry about the stability of Vietnam's power grid.

EVN once stated in a report that in Vietnam, photovoltaic power generation has accounted for 1/4 of the total power generation of the power system. This explosive growth has affected the stability of Vietnam's power distribution system.

According to the Vietnamese government’s draft of power development plan this year, Vietnam needs to invest as much as $128.3 billion in the power industry from 2021 to 2030, of which nearly 1/5 of which needs to be invested in the construction of power grids. In this way, by 2030, Vietnam’s total installed power capacity can be increased from 69 GW at the end of last year to 137.2 GW to meet its power needs.

As a PV Mounting Brackets’ supplier for more than 10 years, UISOLAR will also be committed to better developing the Vietnamese market.