The birth of the world's first photovoltaic battery in 1839 by French physicist Alexandre Edmond Becquerel marked a great turning point, transformed for a new energy era in the future world. With the rapid development steps of technology - science - technology applied to exploit light sources from the sun to convert into the form of energy to serve the daily life of mankind until today, The renewable energy revolution to gradually replace fossil energy is becoming increasingly clear and important. Over nearly 140 years of development since the first solar panels were manufactured and put into use in 1887, the power comes from solar panels (along with other types of renewable energy) has met 26.2% of global electricity demand, contributing 2% of total electricity production in the world.
Considered to be one of the fastest growing industries in recent decades, the renewable energy market - solar power, has always captured the attention of many investors in every country. Solar fields are born with rooftop projects, buildings and constructions, etc. are always expected to bring great potential in the nation's energy security and pressure reduction enormous power transmission and support to the country's economy.
Design of a corner of a tourist site adjacent to a solar farm of Sao Mai solar power plant.
In many developed countries, policies on the purchase of electricity produced by enterprises installing rooftop solar power systems have helped these enterprises minimize the costs of electricity for production. In Vietnam, Decision 13/2020/QD-TTg on incentives to promote the solar power development has helped organizations investing in solar power systems not only save costs of energy but also earn revenues from the sale of the spare volume of electricity to power companies.
Owner of a seafood processing plant in Dong Thap Province said the plant consumed a large volume of electricity, ranging from 57 to nearly 2,200 kilowatts-hour for a ton of materials and from 324 to more than 4,400 kilowatts-hour for a ton of products. Of the total, the freezing system consumed the largest volume of electricity, accounting for 70%. However, since the plant was installed with the rooftop solar power system with a capacity of 1.06 megawatts, it has reduced some 20% of its monthly operation costs and saved billions of Vietnam dong of annual costs spent on electricity for production.
Attracting more investors in the future
A report by the Organization for Economic Cooperation and Development (OECD) showed that nearly 20% of the volume of electricity consumed in burning, power provision and transport in the world is renewable energy. This market is bullish as fossil fuels are forecast to become exhausted in the future, which has attracted many enterprises to use clean energy in their operation. The increasing number of investors participating in the renewable energy sector has demonstrated that the energy revolution has received more attention and support.
Solar power has been used in popular products, such as mobile devices, vehicles, satellites and security devices.
Together with the fourth industrial revolution with artificial intelligence, robots, Internets of Things, autonomous cars, 3D printing technology and nanotechnology, solar and wind power sources have become symbols for the human progress.
The combination of tourism and solar power projects will promote the tourism sector.
Vietnam is located near the equator and entirely within the tropical belt of the northern hemisphere with high and positive annual average heat radiation level. Therefore, the solar power market has been attractive to both local and foreign investors. According to a report by the Ministry of Industry and Trade, as of December last year, more than 87 solar power projects had been commissioned at their maximum capacities and more than 260 others were waiting for approval.
Sao Mai solar power plant in An Hao Commune, Tinh Bien District, An Giang Province is one of important projects in the area.
Thus, renewable energy will lead the investment and development trend in Vietnam in the future. The power volume generated from renewable resources will help strengthen the energy security and ease the pressure on electricity supply in Vietnam. The support and policies of countries’ leaders are important to make the energy revolution a success and the energy shortage will no longer cause anxiety.