Revised Power Development Plan VIII sets major 2030 targets for solar and storage

Vietnam’s Ministry of Industry and Trade reported that Deputy Prime Minister Bui Thanh Son signed Decision No. 768/QD-TTg on 15 April 2025 approving the revised Power Development Plan VIII. The following brief summarizes information from the cited source.

According to MOIT, the revised plan calls for maximum development of renewable energy sources and a higher renewable share in the power mix, while linking new capacity to grid absorption, transmission capability, operating safety, and overall system economics.

For solar power, MOIT states that Viet Nam’s technical potential is about 963,000 MW. By 2030, total solar capacity, including utility-scale and rooftop solar within the scope described in the article, is targeted at 46,459-73,416 MW. The 2050 orientation is 293,088-295,646 MW.

For storage, the plan includes 2,400-6,000 MW of pumped-storage hydropower by 2030. Battery storage is expected to support the power system and integrate with renewable energy, distributed near wind and solar generation centers or load centers, with a 2030 target of 10,000-16,300 MW.

Source: MOIT.