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In the next 10 years, Vietnam's annual power investment demand will be more than 12 billion US dollars

Release date:2020-12-29 Source:Raytech Pageviews:-

"Vietnam Economic Times" reported on December 22: the investment demand of Vietnam's power industry will exceed 133 billion US dollars from 2021 to 2030, and will reach more than 184 billion US dollars from 2031 to 2045.


According to the report, according to Vietnam's power development plan, Vietnam's power load is expected to maintain high growth from 2021 to 2030, about 8.6% in 2021-2025 and 7.2% in 2026-2030. It is estimated that by 2030, Vietnam's total installed capacity will increase by nearly 80000 MW compared with 2020. According to the forecast of Vietnam's Ministry of industry and trade, Vietnam's power shortage will be about 6.6 billion kWh in 2021, 11.8 billion kWh in 2022 and 13 billion kWh in 2023. To make up for this gap, it is estimated that Vietnam's annual investment demand for new power stations will reach more than US $12 billion from now to 2030.


Raytech will continuously focus on delivering high-quliaty solar modules to Vietnam market to support the boosting of local renewable energy sector. Ningbo Raytech New Energy Materials Co., Ltd. is specialized in “PV Modules Manufacturing and System Integration” and “Smart Panel Materials Manufacturing”. The company has independent product R&D teams, national key laboratory and 1.2GW full-automatic manufacturing line. Raytech’s production scale, product range and manufacturing standards are on a leading position in the industry. Raytech solar modules are perfect products for industrial rooftop solar products. Raytech will continuously provide high transparency solar modules, double glass solar modules, and bifacial modules to support the local development of solar energy industry.



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