Bác Ái is not only Vietnam's first pumped storage hydropower plant, but also the largest in Southeast Asia, with a capacity of 1,200 MW, consisting of 4 units of 300 MW each, and a total investment of over VND 21,100 billion. A green energy subsidiary of Japanese conglomerate Marubeni has brought online a megawatt-scale battery storage demonstration project in Vietnam. Vietnam is the fastest-growing energy market in Asia, according to the International Trade Administration. The government anticipates a 10-12% annual surge through 2030 in. BESS capacity will support this growing share of solar and wind power in Vietnam's energy mix, helping to stabilize the grid and manage peak demand. PDP8 requires concentrated solar power (CSP) projects developed under PDP8 to integrate a storage system of at least 10% of the project's installed. This will be Vietnam's first pumped storage hydropower plant and one of EVN's key national energy projects this year.
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