On September 25-26, 2019, Vietnam Solar Power Expo 2019 was held in Vietnam. As one of the earliest inverters brands to enter the Vietnamese market, RENAC POWER used this exhibition platform to display many popular inverters of RENAC with local distributors at different booths.
Vietnam, as the largest energy demand growth country in ASEAN, has an annual energy demand growth rate of 17%. At the same time, Vietnam is one of the Southeast Asian countries with the richest reserves of clean energy such as solar energy and wind energy. In recent years, Vietnam's photovoltaic market has been very active, similar to China's photovoltaic market. Vietnam also relies on electricity price subsidies to stimulate the development of the photovoltaic market. It is reported that Vietnam added more than 4.46 GW in the first half of 2019.
It is understood that since entering the Vietnamese market, RENAC POWER has provided solutions for more than 500 distributed roof projects in the Vietnamese market.
In the future, RENAC POWER will continue to improve Vietnam's local marketing service system and help the local PV market develop rapidly.