Vietnam's revised Power Development Plan (PDP8) to be released with significant increase in solar capacity. (Photo: iStock)
Vietnam is expected to finalize the updated National Power Development Plan (PDP8) by the end of February. According to the draft, the country has significantly raised its electricity demand forecasts, energy imports, and renewable energy capacity. Solar power generation targets have been tripled, while the previously planned 6 GW offshore wind power capacity has been scrapped.
Vietnam increases electricity demand forecast
The Ministry of Industry and Trade (MOIT) has proposed five development scenarios, with the country's power demand projected to reach 211.8 GW by 2030, an increase of 35% from current levels. By 2050, demand is expected to further grow to 840 GW, a 50% rise. Minister Nguyen Hong Dien stated that energy growth must align with economic growth and support Vietnam's commitment to carbon neutrality by 2050.
