The structure of Vietnam''s power sources in 2024
Vietnam''s power system significantly increased its total installed capacity in 2024, reaching 82,387 MW, an increase of
Hanoi (VNS/VNA) - Vietnam needs to consider the development of battery energy storage system (BESS) while the country is on a path towards promoting renewable energies to ensure energy security and sustainable development, experts have said.
The growth of the installed capacity in the period of 2011 - 2022 is shown in Figure 1-4. In this period, the total installed capacity grew from 23 GW to over 80 GW with the average rate of 12% per year. Before 2019, Vietnam's power sources were mostly traditional plants, such as coal-fired, gas-fired, and hydropower plants.
According to the assessment, Vietnam's small hydro-power potential is about 4,000 MW, of which the source with a capacity of 100 kW-30 MW accounts for 93–95%, while the type of source with a capacity of under 100 kW only accounts for 5 – 7%, with total capacity over 200 MW.
From 2019 onwards, the government enacted the renewable energy development mechanisms, thus, solar and wind power sources have developed significantly. By 2022, Vietnam's power system had over 16 GW of solar power (including rooftop solar power) and 5 GW conventional of wind power. The power plants had a total installed capacity of about 59
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