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Jakarta Post

Vietnam outpaces Indonesia in solar energy growth

  • Norman Harsono

    The Jakarta Post

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Jakarta   /   Tue, November 5, 2019   /  12:56 pm
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Solar panel installations and a wind turbine are seen at the Phu Lac wind farm in southern Vietnam’s Binh Thuan province in this photo taken on April 23. (AFP/Manan Vatsyayana)

Attractive regulations have pushed an eightfold increase in solar energy adoption in Vietnam in the past two years, leaving Indonesia in the dust, even though the latter issued similar regulations six months earlier. While Indonesia’s installed solar photovoltaic (PV) capacity declined by 37 percent between 2017 and 2018, Vietnam’s capacity skyrocketed by 803 percent in the same period, according to BP’s latest annual Statistical Review of World Energy. Solar analyst Rishab Shrestha, a researcher with energy consultancy Wood Mackenzie, said the key to Vietnam’s success was its Feed-in-Tariff (FIT) program, which was introduced by its Ministry of Industry and Trade (MoIT) in 2017. The program, stipulated under MoIT Decision No. 11/2017, promised investors that solar-generated electricity would be bought at 9.35 US cents per kilowatt hour (KWh), given that ...