Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications
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 evaluat...
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| Format: | Article |
| Language: | English |
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MDPI AG
2021-06-01
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| Series: | Energies |
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| Online Access: | https://www.mdpi.com/1996-1073/14/12/3541 |
| _version_ | 1827689786808205312 |
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| author | Binh Do Thai Tran Ninh Nguyen |
| author_facet | Binh Do Thai Tran Ninh Nguyen |
| author_sort | Binh Do |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-03-10T10:25:28Z |
| format | Article |
| id | doaj.art-73a0b63232014d17ba3d454eaeb4242e |
| institution | Directory Open Access Journal |
| issn | 1996-1073 |
| language | English |
| last_indexed | 2024-03-10T10:25:28Z |
| publishDate | 2021-06-01 |
| publisher | MDPI AG |
| record_format | Article |
| series | Energies |
| spelling | doaj.art-73a0b63232014d17ba3d454eaeb4242e2023-11-22T00:04:43ZengMDPI AGEnergies1996-10732021-06-011412354110.3390/en14123541Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic ImplicationsBinh Do0Thai Tran1Ninh Nguyen2Department of Strategic Management, Faculty of Business Administration, Thuongmai University, 79 Ho Tung Mau Road, Hanoi 100000, VietnamVietnam Electricity Group, 11 Cua Bac Street, Hanoi 100000, VietnamCharles Darwin University, Asia Pacific College of Business and Law, Darwin City, NT 0800, AustraliaVietnam 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.https://www.mdpi.com/1996-1073/14/12/3541renewable energy integrationgeneration adequacy assessmentprobabilistic modeling approachstrategic approachpower sectorVietnam |
| spellingShingle | Binh Do Thai Tran Ninh Nguyen Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications Energies renewable energy integration generation adequacy assessment probabilistic modeling approach strategic approach power sector Vietnam |
| title | Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications |
| title_full | Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications |
| title_fullStr | Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications |
| title_full_unstemmed | Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications |
| title_short | Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications |
| title_sort | renewable energy integration in vietnam s power system generation adequacy assessment and strategic implications |
| topic | renewable energy integration generation adequacy assessment probabilistic modeling approach strategic approach power sector Vietnam |
| url | https://www.mdpi.com/1996-1073/14/12/3541 |
| work_keys_str_mv | AT binhdo renewableenergyintegrationinvietnamspowersystemgenerationadequacyassessmentandstrategicimplications AT thaitran renewableenergyintegrationinvietnamspowersystemgenerationadequacyassessmentandstrategicimplications AT ninhnguyen renewableenergyintegrationinvietnamspowersystemgenerationadequacyassessmentandstrategicimplications |