Vietnam has undergone one of the largest solar booms in Asia. This boom results from favourable government policies, rapidly growing energy demand and ideal conditions for solar energy. The country's updated Power Development Plan 8 will continue this trajectory, with solar making up most of the. . One of the many benefits of solar power is the speed and scale at which it can be deployed. But, despite this, some states still manage to exceed expectations. In 2010, the South East Asian country was ranked 196th in the world according to its solar energy capacity. A lecturer in Electronic and Computer Systems Engineering at RMIT Vietnam, Dr. . Vietnamese authorities are looking to retroactively revise purchase prices for 173 solar and wind projects, reducing revenues by 25% to 46%, risking bankruptcies across the renewable energy sector, and jeopardizing investor confidence needed to meet the government's 2030 targets of 73 gigawatts. . According to World Wildlife Fund Vietnam (WWF-Vietnam), Vietnam's solar energy is evaluated as having high development potential renewable energy (RE) sources.
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