Installation of inverters for solar power plants in Vietnam

Will Vietnam face a power shortage in 2021?

Vietnam is one of the hottest renewable energy markets in the world, particularly increased in line with its overall economic growth. It’s reported that the country will face severe power shortages from 2021 onwards when electricity demand will outpace the construction of new generation capacity.

Why should you choose Sungrow Vietnam for 2021?

Our local presence in the Vietnam market for more than three years helps us resonate with our customers and their unique needs. Our target for 2021 is to grow our market share in the utility-scale and get a stronger foothold in the rooftop segment,” said Dr. Thang Vu, Country Manager of Sungrow Vietnam.

How much solar power will a solar power plant generate a year?

The Company states that the plant will generate more than 700 GWh of solar electricity per year, enabling to power 370,000 households. With a fixed tariff of $0.0709 per kWh, the revenue can reach $49,630,000 per year.

Was 2020 a successful year for Sungrow Vietnam?

“Although it had its unique challenges, 2020 was a highly successful year for Sungrow Vietnam. Our local presence in the Vietnam market for more than three years helps us resonate with our customers and their unique needs.