VIET NAM’S RENEWABLE ENERGY SECTOR: OPPORTUNITIES TO ENTER A $714B MARKET"

Viet Nam’s renewable energy (RE) industry is valued at an estimated $714 billion, of which $280 billion is the solar power sector and $434 billion belongs to the wind power sector, according to a report released by Vietnam Bank for Industry & Trade Securities JSC.
RE capacity is forecast to grow strongly in the next 25 years, from the current 12% to 30.8% of the total power generation capacity. The average growth rate of the sector is expected to be nearly 20% in the next ten years, more than double that of the electricity industry, with the growth rate of the solar power and wind power sector estimated at 12.8% and 34.2% respectively.
Notably, the rooftop solar power market was recorded with the highest internal rate of return (IRR) of 36%, showing that it is a potential market for investors and banks.

Anh Minh Global