Donnergy Investigates Vietnam's Photovoltaic Energy Storage Market

As a company that pays attention to the development of green energy and actively embraces the concept of carbon-neutral development, Donnergy is very concerned about the future energy of Vietnam. Last month, Donnergy visited The Future Energy & Solar Show VIETNAM and went to investigate the local photovoltaic energy storage market in Vietnam.

We are very grateful that this exhibition not only provides a platform for communication and display for the photovoltaic and energy storage industry, but also gives us the opportunity to observe and understand the development trend and cutting-edge technology of the industry, understand the new developments in the international market, and provide a good opportunity for us to explore the Vietnamese market. refer to.

We understand that the solar photovoltaic and energy market industries are facing several important trends: first, the advancement of battery energy storage technology, which will make the use of new energy sources such as solar energy more stable and flexible; second, the trend of digitalization and intelligence. Of course, the company also includes Donnergy, which is introducing technologies such as artificial intelligence and the Internet of Things to improve production efficiency, optimize energy management, and realize multi-directional R&D and scientific production.

Vietnam is located in the tropics and has superior natural resources. It is one of the ASEAN countries with the most abundant solar energy reserves. The annual sunshine amount reaches 2,500 hours, and it has abundant and stable solar energy resources.

Due to terrain, resources, and other reasons, the population, power generation and consumption needs, and the ratio of supply and demand met by energy are quite different in the north and south of Vietnam. It is worth noting that due to factors such as the southern location and sunny weather, more renewable energy such as photovoltaic power generation will be used in the south. More than 40% of the electricity in the north comes from hydropower. In addition, this year’s northern Vietnam suffered from continuous high temperatures and hot weather, and the El Nino phenomenon. Hydropower is almost paralyzed, and power is only about 10%. In addition, coal power generation also has equipment failure due to overload work. The power performance is also less than 70%.

It is expected that by 2025, Vietnam will focus on the development of renewable energy such as solar energy, wind energy, biogas, biomass energy, and geothermal energy. At the same time, the goal is to increase electricity production by 100 gigawatts by 2030, and renewable energy power generation will increase tenfold, and solar photovoltaic power generation will account for 20% of renewable energy power generation. It is expected that there will be more than 200GW of additional capacity and a substantial increase in renewable energy generation by 2045. Renewable energy is expected to become a key part of the future. In the upcoming draft of the new power development plan, it is expected that more than 50% of The power generation stack is provided by solar and wind power.

In addition, the Vietnam Ministry of Industry and Trade issued a notice on photovoltaic power generation policies and regulations, which also stipulated preferential treatment for photovoltaic power generation projects in terms of corporate income tax, import tariffs, and land use taxes.

Therefore, no matter from the perspective of national policies, industry development, and geographical location, Vietnam has great potential for solar energy development. At the same time, it is clear that Vietnam is undoubtedly one of the most exciting energy markets in Southeast Asia.

Vietnam's rapid economic development in recent years has led to an increasing demand for electricity. The power supply in southern Vietnam is relatively stable compared with northern Vietnam, and there are still power shortages in the north. Donnergy colleagues also went to understand and inspect the local photovoltaic energy storage market while participating in the exhibition. According to the surrounding residents where the industrial area is located, intermittent or planned power outages have gradually become part of daily life. The industrial and commercial daily life also needs to be restricted by day and night, and by region. This also corresponds to the power-saving guidance mentioned above without a time limit or has become the norm.

All in all, Vietnam's civil and industrial, and commercial markets are increasingly demanding emergency energy storage for emergency power, rescue power, and intermittent power outages; for Donnergy and our partners, Vietnam's user-side energy storage and industrial and commercial photovoltaic energy storage market has a promising future.

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