Abstract
Vietnam is widely considered as an energy-intensive economy. Renewable energy integration has been set as an important goal in the country’s revised Power Development Plan 7 (PDP7). This study first conducted a generation adequacy assessment using the basic probabilistic modeling approach to evaluate how the generation fleet, as foreseen in the PDP7, can meet the demand, despite the fast-changing renewable energy sources (RES) generation. The adequacy of the generation was measured using the Loss of Load Expectation (LOLE, expressed in hours) index. The study then conducted in-depth interviews with key stakeholders to identify and propose efficient strategic approach and policy implementations for integration of RES into the current power system in Vietnam. The results suggested that three major pillars should be considered to ensure the success of RES integration: strategic objectives, structural reforms and system transformation.
Highlights
IntroductionPublisher’s Note: MDPI stays neutral with regard to jurisdictional claims in published maps and institutional affiliations
Given that economic growth needs to harmonize with sustainable development (MOIT and DEA, 2017), Vietnam has revised its Power Development Plan 7 that prioritizes renewable energy sources (RES) in electricity production [2]
The quantitative method that bases on the basic probabilistic modeling approach is used for generation adequacy assessment
Summary
Publisher’s Note: MDPI stays neutral with regard to jurisdictional claims in published maps and institutional affiliations. Vietnam is widely considered as an energy-intensive economy [1]. Given that economic growth needs to harmonize with sustainable development (MOIT and DEA, 2017), Vietnam has revised its Power Development Plan 7 (hereinafter referred to as PDP7) that prioritizes renewable energy sources (RES) in electricity production [2]. The revised PDP7 sets the RES targets for electricity production and power generation installed capacity of above 10% and 21%, respectively, by 2030 (Decision No: 428/QD-TTg, 2016)
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