Vietnam has seen a surge in solar photovoltaic (PV) installations ahead of a 30 June deadline for feed-in tariff (FiT) subsidies. Vietnamese operational capacity has increased 400-fold in the year to June to more than 4 GWac, according to Rystad Energy. The country has 82 grid-connected solar plants with a capacity of 4.46 GW, according to Vietnam Electricity, which puts solar's share of total electricity capacity at 10%. In India, meanwhile, government subsidies have helped push up costs and made it difficult for developers to compete on price.
Vietnam has seen a surge in solar photovoltaic (PV) installations ahead of a 30 June deadline for feed-in tariff (FiT) subsidies. Vietnamese operational capacity has increased 400-fold in the year to June to more than 4 GWac, according to Rystad Energy. The country has 82 grid-connected solar plants with a capacity of 4.46 GW, according to Vietnam Electricity, which puts solar's share of total electricity capacity at 10%. The figures see Vietnam surpass Australia for solar PV capacity installations, which few people would have predicted, according to Rystad Energy renewables analyst David Dixon.