energies Article Renewable Energy Integration in Vietnam’s Power System: Generation Adequacy Assessment and Strategic Implications Binh Do 1,* , Thai Tran 2 and Ninh Nguyen 3,4 1 Department of Strategic Management, Faculty of Business Administration, Thuongmai University, 79 Ho Tung Mau Road, Hanoi 100000, Vietnam 2 Vietnam Electricity Group, 11 Cua Bac Street, Hanoi 100000, Vietnam;
[email protected] 3 Charles Darwin University, Asia Pacific College of Business and Law, Darwin City, NT 0800, Australia;
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[email protected] 4 Business Sustainability Research Group, Thuongmai University, 79 Ho Tung Mau Road, Hanoi 100000, Vietnam * Correspondence:
[email protected] Abstract: Vietnam is widely considered as an energy-intensive economy. Renewable energy in- tegration 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. Citation: Do, B.; Tran, T.; Nguyen, N. Renewable Energy Integration in Keywords: renewable energy integration; generation adequacy assessment; probabilistic modeling Vietnam’s Power System: Generation approach; strategic approach; power sector; Vietnam Adequacy Assessment and Strategic Implications.