Vietnam To Launch New Rooftop Solar Net Metering Scheme

Vietnam is set to launch a new net metering scheme for rooftop solar power systems, marking a significant step in the country's efforts to develop its own renewable energy sector. With the new plan, homeowners and businesses will be able to install solar panels on their rooftops and sell any excess energy that they generate back to the grid.

The plan, which is expected to be implemented later this year, will allow users to sell up to 20% of the excess solar power they generate back to the grid. This is a significant increase from the 10% limit that was previously allowed. The move is expected to encourage more people to invest in solar power systems, as they will now be able to make more money from their excess energy.

With the new net metering scheme, Vietnam is hoping to boost the development of its renewable energy sector and reduce its reliance on fossil fuels. The country has a wealth of natural resources that are ideal for renewable energy generation, including wind, solar and hydropower.

Solar energy, in particular, has huge potential in Vietnam, thanks to the country's long sunny days. By harnessing this energy source, homeowners and businesses can generate their own electricity and reduce their reliance on the national grid. This will not only save them money in the long run, but also help to reduce their carbon footprint.

The new net metering scheme will also help to create new job opportunities in the renewable energy sector. As more people invest in solar power systems, there will be a growing demand for professionals with the skills and knowledge to design, install and maintain these systems.

Overall, the new net metering scheme is a positive step in Vietnam's efforts to develop its renewable energy sector. By encouraging more people to invest in solar power systems, the country will be able to reduce its greenhouse gas emissions, create new job opportunities, and boost its economic growth in the long run.