Vietnam wind power sector attractive to investors
With an increasing demand for electricity in Vietnam, the wind power construction sector has flourished, with local and foreign firms getting in on the action.
Vietnam, Sweden promote cooperation in renewable energy development
Hanoi (VNA) – Vietnam and Sweden have nurtured long-standing energy cooperationand now the scope of cooperation has expanded from hydropower in the past to safe and sustainable energy development at present. Speaking with the Cong Thuong (Industry and Trade) newspaper, Swedish Ambassador to Vietnam Ann Mawe said in the recent time, in addition to stepping […]
Vietnam: Corporate Direct Renewable Energy Deals In Vietnam Move Closer
Corporate renewable power purchase deals are a step closer to reality in Vietnam following a proposal from the Ministry of Industry and Trade (MOIT) recommending the Prime Minister approve a so-called DPPA pilot project this year. In Proposal 544 dated 21 Jan 2020, the MOIT gave its formal recommendation to the PM to approve a […]
Vietnam’s PV Power picks banks to facilitate $1.4 bln LNG project loans
HANOI: Vietnam‘s state-run PetroVietnam Power Corp has signed a deal to allow a consortium of two local banks to arrange a $1.4 billion syndicated loans for two liquefied natural gas (LNG) projects, the government said on Wednesday.
Vietnam’s energy sector a magnet for foreign investors
National electricity demand is expected to increase by 8.5 percent a year until 2025 and 7 percent until 2030, making Vietnam an attractive market for foreign energy investors.
Vietnam’s green economic growth: From plan to action
According to the Ministry of Industry and Trade, coal-fired power will fall some 23,400 MW, and liquefied natural gas (LNG) power more than 24,300 MW while solar power will grow 33,000 MW, onshore wind power 23,000 MW and offshore wind power 28,500 MW by 2045. Therefore, it is necessary for Vietnam to develop policies that encourage investment in clean energies.
Vietnam’s Solar Industry: Bright Prospects for Investors
In June 2020, Sharp Energy Solutions Corporation (SESJ) completed a mega solar power plant in Ninh Thuan province, which is expected to generate 76,373 megawatt hour (MWh) per year. The plant is the newest addition to SESJ’s five other existing solar power plants in Vietnam.
Vietnamese bank secures IFC loan for SMEs and climate projects
The International Finance Corporation (IFC) is providing a US$100 million long-term loan to Orient Commercial Joint Stock Bank (OCB) of Vietnam to help expand lending to small and medium enterprises (SMEs) and boost financing, especially for climate-friendly projects in the country. This is designed to facilitate greater private sector contribution to a green and sustainable […]
Vietnamese government inks La Gan survey contracts
La Gan Wind Power Development Corporation and the Vietnamese government have signed contracts for survey campaigns for the 3500MW La Gan offshore wind project. La Gan Wind Power Development Corporation signed the contracts with the Vietnamese government agency, Northern Center for Planning and Investigation of Marine Resources and Environment (CPIM), which is working in close […]
WB and GIF support Vietnam in Solar Pilot Auction Program
The Governing Council of the Global Infrastructure Facility (GIF) has approved a fund US$ 1.5 million for supporting the World Bank (WB) and the Vietnamese Government to implement the Solar Pilot Auction Program. According to The GIF in coordination with the Energy Department of WB will help Vietnam to design and build the Auction Program […]