Tuesday, November 12, 2019 12:57:41 PM - Markets open
VN-INDEX 1,021.00 +4.25/+0.42%
HNX-INDEX 106.88 +0.12/+0.11%
UPCOM-INDEX 56.86 +0.14/+0.24%
Rooftop solar’s growing popularity in HCM City
https://vietnamnews.vn - 9/25/2019 12:49:48 PM
 (0 ratings. You must sign in to rate.)
Lê Đình Vũ, owner of a home decor store in HCM City’s Thủ Đức District, spent nearly VNĐ50 million (US$2,155) to install solar panels on the roof of his newly built house.
 
He uses the power they produce for daily activities and draws less from the national grid.
 
More and more people in the city like Vũ are opting for rooftop solar panels to reduce their monthly energy costs.
 
Companies too are installing them at their factories.
 
At the Saigon Hi-Tech Park, Sacom - Chip Sang Co., Ltd is using energy from a solar power system it installed on its office building this year.
 
The panels are being installed in schools and people’s committee offices across the city.  
 
The HCM City Power Corporation (EVNHCMC) has in co-operation with suppliers of rooftop solar power facilities installed them at many schools. 
 
The People’s Committee of District 12 has installed a system on its 300sq.m office.
 
In Bình Chánh District, 166 rooftop solar installations with a combined capacity of 5,283 kWp, 50 per cent higher than the target set by EVNHCMC, had been made as of June.
 
Of them, 152 were by households with their daily output being 1,945kWh, and the remaining 14 were by businesses with the output being 3,338kWh.
 
The Bình Chánh Power Company, a subsidiary of the EVNHCMC, said to achieve this it launched campaigns to educate residents and customers about the benefits of rooftop solar.
 
Besides, EVN and suppliers of rooftop solar power facilities have preferential policies and offer promotions like a 10 per cent discount on prices, interest-free loans and instalment payments.
 
It takes customers five to six years to recoup their investment.
 
Phạm Việt Anh, deputy head of communication at EVNHCMC, told Việt Nam News via email: “3,741 households, offices and enterprises in the city had installed rooftop solar with a total capacity of 42.7 MWp as of August 22.”
 
Of them, 3,521 are connected with the national grid, according to Anh.   
 
EVNHCMC’s 19 subordinate units have installed grid-connected solar power systems with a total capacity of 1,127.9kWp.
 
“The city’s potential for solar energy is very high,” since it has high solar radiation of nearly 1,581 kWh per square metre per year, he said.
 
“The average number of sunshine hours is 100 to 300 and throughout the year unlike the northern region.”
 
The highest radiation level is 6.3 kWh per square metre per day in February and the lowest is 3.3 kWh in July.   
 
According to the World Bank’s “Report on Technical Assessment of Rooftop Solar Energy Potential in Việt Nam” in 2017 HCM City has solar power potential of 6,300MW.
 
EVNHCMC has called on the city People’s Committee and relevant ministries to soon announce new prices for buying surplus solar power for the grid because the old ones expired in June.
 
Authorities should make installation of rooftop solar compulsory for administrative and non-business agencies and beneficiaries of the State budget, and make it a criterion in evaluating and ranking enterprises, it said.
 
To encourage people to use rooftop solar, there should be subsidies and other support, it added.
 
The city grid has sufficient capacity to accept power supplied from rooftop solar systems in houses and companies.
 
Anh admitted the high cost of installing solar energy systems discouraged many people and the solution would be to offer more preferential loans or incentives. VNS
 
Read original article here
Newer News
11/11 Vietnam’s exports estimated at 217.05 bln USD in 10 months
09/11 Livestock exports expected to fetch US$1.2 billion this year
07/11 Vietnam’s export tunover surges 7.4 percent in 10 months
03/11 Vietnamese telcos target 5G chipsets and devices
02/11 US forecasts bright outlook for trade with Việt Nam
02/11 EVFTA must bring benefits to people: INTA chief
29/10 Anti-dumping duties on steel products extended for 5 more years
26/10 VN needs foreign aid to develop renewable energy
25/10 VN needs foreign aid to develop renewable energy
23/10 US cuts antidumping duties on Vietnamese tra fish fillets
Older News
22/09 Deputy PM attends expo, business summit in China
21/09 Shrimp export falls 8.1 percent in eight months
20/09 Crude import tax zeroed in November
17/09 Despite US exports rise, VN is urged to tighten origin rules to avoid investigations
15/09 VN, Cuba seek to expand investment, trade ties
10/09 Footwear, handbag exports reel in nearly 14.5 bln USD in eight months
06/09 Việt Nam faces difficulties in rice exports
04/09 Campaign collects businesses’ recommendations for economic policies
03/09 EU enhances inspections on Vietnam’s agricultural products from Sept 1
03/09 Vietnam’s export turnover up 7.3 percent in eight months
 
Newsletter Signup
Top Stories
VN-Index slides for second day
Reference exchange rate reverses downward trend on October 23
Prices of Grade A office space rise due to low supply
VN stocks to beat 1,000 points in Q4
Consumer price index to be controlled at low level of 3.3-3.5% in 2019
Market Update
Last updated at 12:55:00 PM
VN-INDEX 1,021.00 +4.25/+0.42%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Your most recently viewed tickers will automatically show up here if you type a ticker in the Get Quotes box on the top of the page.
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.