How much power will Vietnam have by 2030?

The plan also called for 300MW of battery storage deployment and 2,400MW of pumped hydro energy storage (PHES) by 2030. State-owned public power company Vietnam Electricity (VE), is participating in a 50MW/50MWh grid-scale BESS pilot project which marks a first step towards that BESS goal.

Can Bess be integrated into Vietnam's power grid?

In an effort to facilitate the integration of BESS into Vietnam’s power grid, the Electricity and Renewable Energy Authority (EREA) of the Ministry of Industry and Trade recently hosted a technical workshop in collaboration with GEAPP.

Did Marubeni launch a megawatt-scale battery storage demonstration project in Vietnam?

The project’s official inauguration event held in December. Image: VinGroup. A green energy subsidiary of Japanese conglomerate Marubeni has brought online a megawatt-scale battery storage demonstration project in Vietnam.

How much solar power does Vietnam have?

Vietnam’s Eighth National Power Development Plan, published in 2023, also acknowledges that the country’s solar potential is an estimated 963GW of capacity, and the government has since made moves to provide offtake tariffs and better enable onsite self-consumption.

Does Vietnam have a power shortage?

Vietnams total power demand is expected to grow 10% annually during the period 2021-2024, and power shortages are expected to increase in different regions of the country.

What will Vietnam's energy future look like in 2030?

The government anticipates a 10-12% annual surge through 2030 in the nation’s power consumption. This rapidly expanding energy demand presents a significant challenge to Vietnam’s transforming energy landscape, especially considering the urgent need to reduce global emissions and utilise renewable alternatives.