Hanoi (VNA) – The Vietnam
Sustainable Energy Alliance (VSEA) said the country lacks a set of standards
for the development of solar power, which is abundant and untapped.
The comment was released at a VSEA conference
on trends and challenges in the sector held in Hanoi on August 21.
Vietnam is among countries that enjoy
the most sunlight in the world, with the Central Highlands and south central
regions recording between 2,000 and 2,600 hours of sunshine every year.
However, most solar power projects in
the country are small scale, with only the under construction Quang Ngai
grid-tied solar power project at a large scale.
Experts said the biggest challenge is
unattractive selling prices of solar energy, while investors struggle to access
funds for green power development and face high costs due to the necessity to
import most equipment.
Do Duc Tuong, Clean Energy Advisor at
US Agency for International Development in Vietnam, said a long-term and stable
policy on solar power prices is needed to encourage investment.
On the other hand, prices of solar
batteries have fallen, falling from 4 USD per watt peak capacity to about 0.5
USD per watt peak capacity in the past five years.
Participants said this is a good sign
for the renewable energy market, but the Government should issue technical
specifications to help consumers buy quality products.
Hoang Thu Huong, deputy head of the
industrial division under the Party Central Committee’s Economic Commission,
said electricity infrastructure in Vietnam has basically met economic
development demand, but still needs further investment to promote renewable
The Government is considering
preferential pricing policies for the solar and wind power sectors, she added.