VinES Energy Solutions, a business division of major Vietnamese conglomerate VinGroup, has teamed up with the Vietnamese SolarBK to promote the combination of battery storage and rooftop solar PV in Vietnam. Accordingly, the collaboration will highlight the “Make in Vietnam” campaign that has been created and promoted by the Ministry of Information and Communications.
The two firms are also Vietnam’s sole battery producer and solar V module manufacturer, respectively. VinES is currently partnering with a subsidiary of manufacturer Gotion High-Tech to construct the country’s first lithium phosphate (LFP) battery mega factory. Meanwhile, SolarBK has deployed 650 MWp of distributed-scale solar PV projects for residential and commercial, and industrial (C&I) customers.
Vietnam targets to expand its share of renewable energy on the national power grid to nearly 31% by 2030, heading towards the goal of net zero emissions by 2050. In an effort to protect the environment, the Vietnamese government has also affirmed to reduce the use of fossil fuels, reducing the proportion of power generation from coal down to 20% from about a third currently registered.
According to a statement from VinES Energy Solutions and SolarBK, the pilot installations of 300 systems will start in the second half of 2023, including offers for the first 100 customers’ systems. The two firms plan to make a wider rollout in 2024.
The Asian Development Bank (ADB) and Global Energy Alliance for People and Planet (GEAPP) recently revealed their plan to provide USD 35 million in order to accelerate the transition away from fossil fuels in South and Southeast Asia. Notably, expanding energy storage in Vietnam and diminishing coal-fired power generation in Indonesia would be among the key areas for that funding.