Solar power costs remain high in Vietnam
Vietnam’s renewable energy production costs remain higher than other countries as the country still does not have a competitive solar energy market. Many people in the country have saved money by using solar energy. A solar energy system with capacity of 1 KW was installed on the terrace of Redsun’s building in district 5, HCMC in 2010. Since then, the system has been operating well, allowing activities at the buildings to run properly even when the electricity from the national grid is cut. The company doesn’t have to run electricity generators which produce noise and dust. Hiep, of district 6, HCMC installed a 1 KW solar power system on the roof, worth VND80 million. The electricity provided by the system, about 4-5 KW, is used to light four 40W fluorescent lamps, run four electric fans and one TV.
