German Solar Industry Conference in Vietnam – New Investment Opportunities

In September 2016, the GIZ Energy Support Programme Vietnam, together with the German Delegate of Industry and Commerce (AHK) organized a business trip for a German solar industry delegation to Ho Chi Minh City to build up German-Vietnamese networks as well as boost investments and project implementation in the sector.

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Starting with the one-day Photovoltaics in Vietnam: Free-Field and Net Metering before Breakthrough conference on September 12th, the German solar companies presented their products and services to over 200 participants from industry as well as federal and provincial political administrations. Representatives from local Vietnamese companies (Viet Linh, SolarBK etc.) also shared insights into the local solar sector. Private sector representatives from both countries concluded that the three requirements to foster solar power development in Vietnam are: a suitable FiT and supporting legal-administrational framework, project financing at affordable interest rates, and public acceptance and support.

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The conference released a newly conducted assessment of investment opportunities in Vietnam presenting six detailed rooftop solar PV case studies. The results indicate that the emerging solar market of Vietnam offers attractive business opportunities for German solar companies. Peter Cattelaens, Deputy Programme Director of the GIZ Energy Support Programme in Vietnam, summarized: “German companies in the solar PV sector can now seize a number of attractive business opportunities along the value chain. Project developers, sales and operation managers, suppliers, engineers and planning consultants will be required in the very close future to invigorate the growth of the Vietnamese solar PV market.”

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A site visit to the DBW Garment Factory, one of the latest commercial PV rooftop projects and a best-practice example of German solar PV technology in Vietnam, rounded up the week.

Read more about the conference and German-Vietnamese investment cooperation in the solar sector in the October edition of Vietnam Investment Review (download pdf) or on Vietnam Economic News (14/09/2016).