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On July 8-9, Solar & Storage Live Vietnam 2026 was held at SKY EXPO in Ho Chi Minh City. The event brought together over 5,500 attendees, more than 200 exhibitors, and over 120 speakers. Solar First Group showcased its three major product lines—rooftop mounting systems, ground mounting systems, and floating systems—at Booth 1-M14. Thanks to the robust performance of its products and a precise understanding of the Vietnamese market's needs, the company attracted numerous local Vietnamese and Southeast Asian clients to stop by and engage in discussions.
Vietnam is promoting the development of rooftop solar power with unprecedented vigor. In March 2026, the Prime Minister of Vietnam signed Directive No. 10/CT-TTg, whose core provisions focus on strengthening energy conservation efforts and promoting the development of rooftop solar power. The Ministry of Industry and Trade subsequently issued an implementation plan, setting a national electricity savings target of no less than 3% for 2026, with the savings target during the high-temperature peak consumption season (April–July) raised to no less than 10%. Clear annual development goals were established: 10% of government agencies and 10% of residential homes nationwide are to complete the installation of rooftop solar systems.
In terms of policy incentives, Vietnam's government recently issued Decree No. 243/2026, raising the cap on the proportion of surplus rooftop solar power fed into the grid from 20% to 50%. Provided grid capacity allows, this proportion may be further increased before December 31, 2030. In areas not connected to the national grid—such as mountainous regions, border areas, and islands—there is no cap on the sale of surplus electricity.
The rooftop mounting systems exhibited by Solar First Group are made of high-strength aluminum alloy with an anodized surface treatment, ensuring a long service life. Installation requires no drilling or welding, preserves the roof's waterproofing, and is compatible with a variety of roof types. Against the backdrop of accelerated rooftop solar installations by Vietnamese government agencies, businesses, and residential homes, these products provide reliable support for all types of rooftop solar projects. With an aluminum alloy recycling rate as high as 95%, they meet the requirements of a circular economy.
The solar market in Vietnam is growing rapidly. According to the 8th Power Development Plan (PDP VIII), Vietnam has set a target of 46 GW to 73 GW of solar installed capacity by 2030. Market data indicates that the Vietnamese solar market was valued at approximately 19.5 GW in 2025, is projected to grow to 21.76 GW by 2026, and is expected to reach 37.63 GW by 2031.
The ground mounting systems exhibited by Solar First Group are suitable for large-scale ground-mounted power plants, offering easy installation and adaptability to complex terrain. The main material used is a new type of aluminum-magnesium-zinc-coated steel, which provides excellent corrosion resistance and comes with salt spray test reports. In regions such as the Central Highlands of Vietnam—where solar resources are abundant but terrain is diverse—these products can effectively handle challenging terrain conditions such as steep slopes and ravines, providing a cost-effective support solution for ground-mounted power plant construction.
Floating PV Systems: Aligning with the Trend of Large-Scale Floating PV Development in Vietnam's Water Areas
The floating PV (FPV) market in Vietnam is expanding at an accelerated pace. Recently, Son La Province launched a large-scale FPV project with an installed capacity of 800 MW. With a total investment of approximately 17 trillion VND (approx. 646 million USD), the project spans over 1,139 hectares of water surface and will be constructed in four phases. The first phase of 200 MW is expected to be commissioned in 2027. In Dak Lak Province, the 304 MW KN Srepok 3 FPV project, with an investment exceeding 7.66 trillion VND, is scheduled to go online in the fourth quarter of 2027. Multiple other FPV projects are also underway in provinces like Gia Lai. Furthermore, Power Generation Joint Stock Corporation 1 (EVNGENCO1) has proposed the investment and construction of 3 floating PV projects in the reservoir areas of Lam Dong Province, with a total capacity of nearly 270 MW.
The floating PV systems exhibited by Solar First Group are specifically designed for water-based scenarios, featuring convenient construction, high system adaptability, and reliable safety performance. These products can be widely applied to various water body scenarios, including lakes, reservoirs, and rivers. As Vietnam's floating PV sector transitions from pilot projects to large-scale development, this product series is poised to embrace vast market opportunities.
Vietnam's Energy Transition Accelerates, Driving Sustained Demand for Multi-Scenario Mounting Systems
Vietnam is currently at a critical juncture in its energy structure transition. The Power Development Plan 8 (PDP8) has significantly raised the country's solar energy development targets. In 2025, Vietnam's newly installed PV capacity reached 586 MW, with distributed generation serving as the primary driver of growth. With the upward adjustment of the feed-in tariff ratio for surplus electricity from rooftop PV and the implementation of the Direct Power Purchase Agreement (DPPA) mechanism, demand is expected to surge significantly in 2026.
In the floating PV sector, the 800 MW project in Son La Province alone requires a water surface coverage of over 1,139 hectares, while the 304 MW project in Dak Lak Province occupies approximately 360 hectares. This large-scale development places higher demands on the adaptability, safety, and construction efficiency of floating PV mounting systems. Against this backdrop, the exhibition of Solar First Group's floating PV systems is perfectly timed.
During the exhibition, the Solar First Group team engaged in in-depth exchanges with EPC contractors, project developers, and industry organizations from Vietnam and neighboring countries. Discussions centered around topics such as local water conditions in Vietnam, the development of rooftop distributed PV, and the construction of ground-mounted utility-scale PV power plants. Leveraging its deep roots and continuous cultivation in the Southeast Asian market, Solar First Group has won the initial recognition and trust of its customers.
Looking ahead, Solar First Group will continue to uphold its brand philosophy of "New Energy New World". Relying on its technical expertise in rooftop mounts, ground mounts, and floating PV systems, and with product adaptability and service responsiveness at its core, the company aims to contribute more reliable power to the energy transition in Vietnam and Southeast Asia.
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