Government procurement price of MW scale storage system in Vietnam

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Search English हिन्दी भारत सरकार GOVERNMENT OF INDIA नवीन एवं नवीकरणीय ऊर्जा मंत्रालय MINISTRY OF NEW AND RENEWABLE ENERGY Home About

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6 FAQs about [Government procurement price of MW scale storage system in Vietnam]

Why do we need battery energy storage systems in Vietnam?

At the same time, the demand for battery energy storage systems (BESSs) is accelerating, driven by Vietnam’s abundant renewable energy (RE) potential, particularly in solar and wind power. However, owing to the intermittent nature of these energy sources, storage solutions are required to ensure continuous electricity supply.

Is Vietnam a good market for energy storage solutions?

Vietnam represents a promising market for German and European small and medium-sized enterprises (SMEs) specialising in energy storage solutions, thanks to their technical expertise and established reputation in RE technologies.

How many MW will Vietnam's storage batteries be able to run?

The plan expects storage batteries to reach a capacity of 300 MW by 2030, accounting for 0.2% of Vietnam’s total electricity capacity. However, the policy framework for BESSs in Vietnam is still being refined and will continue to be adjusted to align with the country’s economic and environmental development goals.

What are the laws governing government procurement in Vietnam?

The main law governing government procurement in Vietnam is the Law on Public Procurement No. 43/2013/QH13. This law is supplemented by a number of decrees and regulations, including Decree No. 63/2014/ND-CP and Circular No. 26/2014/TT-BKHCN. How big is the Vietnam tender market?

How a Bess project is promoting energy storage in Vietnam?

Encouraging domestic enterprises to invest in new technologies will promote the growth of the energy storage indus-try in Vietnam. Investment in BESS projects in Vietnam is attract-ing the attention of international partners due to the country’s strong potential for RE development.

How DPPA will boost the re market in Vietnam?

DPPA: This new model promises to boost the RE market in Vietnam by facilitating electricity trading between consumers and power plants. As a result, the demand for BESS solutions is expect-ed to rise rapidly for both renewable power plants and industrial zones.

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