Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications

Abstract

Vietnam is widely considered as an energy-intensive economy. Renewable energy integration has been set as an important goal in the country’s revised Power Development Plan 7 (PDP7). This study first conducted a generation adequacy assessment using the basic probabilistic modeling approach to evaluate how the generation fleet, as foreseen in the PDP7, can meet the demand, despite the fast-changing renewable energy sources (RES) generation. The adequacy of the generation was measured using the Loss of Load Expectation (LOLE, expressed in hours) index. The study then conducted in-depth interviews with key stakeholders to identify and propose efficient strategic approach and policy implementations for integration of RES into the current power system in Vietnam. The results suggested that three major pillars should be considered to ensure the success of RES integration: strategic objectives, structural reforms and system transformation.

Keywords

• renewable energy integration
• generation adequacy assessment
• probabilistic modeling approach
• strategic approach
• power sector
• Vietnam