National Solar Energy Federation of India (NSEFI) recently organized solar leaders’ roundtable with Vietnam Ambassador H.E Pham Sanh Chau on “Solar Energy Landscape in Vietnam – Opportunities for Indian Industry.” Chairman Pranav Mehta, whilst welcoming the ambassador, highlighted the export potential of Indian solar industry in EPC, rooftop sector and in developing solar projects.
Ambassador Pham Sanh Chau said the world recognizes India as true leader in solar energy. “After green and white revolution, India has actively contributed to what I call “yellow revolution” which made solar energy affordable. There are ample opportunities for Indian industry in Vietnam, especially since we have called off our plan to start two nuclear projects,” he added.
Being a signatory country of Paris Climate Agreement, Ambassador Chau emphasized, Vietnam is very serious about its carbon emissions and fully recognizes renewable energy as the only solution. He further added that tariffs in Vietnam are almost double that in India, which is a good sign for the industry.
Chau reemphasized that Vietnam government has introduced a new mechanism for tax incentives on solar industry to promote foreign investment which Indian companies can utilize.
NSEFI members presented their company profiles and ongoing projects in Vietnam, which was followed by a roundtable conference where the ambassador interacted with the industry addressing various queries on tariff, PPA bankability and rooftop opportunities in Vietnam.
While concluding, Chairman Mehta reiterated that India’s act east policy has a special focus on Vietnam and NSEFI will be leading a delegation of Indian solar industry to Vietnam early next year to explore business opportunities and strengthen bilateral trade with the active participation and help of both governments.