Rapid growth forecast for solar rooftop energy industry

Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Vietnam, according to industry insiders.

As the number of solar farms surged in 2018-2019, the Ministry of Industry and Trade has suspended the issuance of new licences for solar farms. This, however, does not cover solar rooftop projects, which still enjoy a purchasing price of 8.39 US cents per kWh. The price point, despite having been scaled down from a previous of 9.35 US cent per kWh, was still largely considered as profitable by investors.

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