Vietnam wants to implement projects with battery storage systems to stabilise the electricity system,. So far, battery storage systems have only been used for niche applications.
The natural conditions for wind and solar power are excellent in many places in Vietnam. However, the geography of the country makes it difficult to ensure a reliable power supply in all parts of the country and generation fluctuates greatly. Therefore, the country theoretically offers good conditions for the use of larger battery storage systems. At present, however, they still lead a niche existence.
The costs for solar and wind energy with battery storage are currently quite high in Vietnam. According to surveys by the consulting firm BloombergNEF, solar power and wind power coupled with batteries will cost around 144 and 146 US dollars (US$) per megawatt hour respectively in 2023, compared to US$ 80 for coal power. However, BloombergNEF estimates that solar power coupled with battery storage in Vietnam will be cheaper than fossil-fuelled power plants by 2030.
Further details from GTAI
– Unreliable power supply makes storage systems necessary
– Government plans pilot projects for battery storage
– Larger battery storage systems so far only for niche applications
– Hardly any local battery production available
Source: GTAI (German Language)
