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4. DAMI Solar Power Project (47.5 MW), located in Dami Reservoir, Binh Thuan Province, Vietnam, greatly saves the land use area and is the first floating photovoltaic power plant in Vietnam. 5.
In the first seven-months of 2021, China installed 7.66 GW of residential solar, with close to 1.8 GW installed in July alone. The market is taking advantage of the relatively generous and fixed budget of CNY 0.5 billion ($77.5 million) and a subsidy of CNY 0.03/kWh.
3. Dau Tieng Photovoltaic Solar Power Project (500 MW) in Vietnam is the biggest solar project in Southeast Asia and the world's largest semi-immersed photovoltaic project.
However, there is increasing uncertainty in the market about the future of residential solar in China once the current program is phased out next year, which means that the residential segment will also be included in the grid-parity umbrella, as is the current status of commercial and utility installations.
China’s residential PV market has experienced a major boom since 2019, when a specific budget and fixed feed-in tariff incentive was announced, which also facilitated access to grid connection. In the last three years, a clear and strong financial model has triggered the emergence of an increasing number of prosumers who benefit from the program.
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