Vietnam’s offshore wind power capacity to reach 36GW by 2045
Vietnam will increase its offshore wind power capacity to 36 gigawatts (GW) by 2045. The figure has been updated in Vietnam’s latest draft Power Development Master Plan VIII, according to a local report.
Vietnam’s policy on wind power
The supply chain of the UK wind power industry has faced huge challenges from lockdown measures due to the Covid-19 pandemic. A “titan” of the wind power industry, Siemens Gamesa, had to temporarily stop turbine manufacturing. To solve problems of businesses in this industry, on March 30, 2020, the British Government issued a directive on […]
Vietnam’s potential of biomass energy
Biomass energy is energy generated or produced by living or once-living organisms. The most common biomass materials used for energy are plants and wood.
Vietnam’s Power Development Plan Draft Incorporates Renewables, Reduces Coal
Vietnam’s Power Development Plan 8 (PDP VII) draft for the 2021-2030 period with a vision towards 2045 has been significantly delayed, however, a finalized draft is expected to be submitted to the Prime Minister in May 2022 for approval. While the PDP8 has gone through several drafts, the latest revision proposes increasing electricity capacity to […]
Vietnam’s proposes to extend the solar feed-in-tariff by two years
On 29 January 2019, the Vietnam Ministry of Industry and Trade issued the draft policy to extend the solar feed-in-tariff (FIT) eligibility until 30 June 2021. This is an extension of two years from the earlier 11/2017/QD-TTg. This extension is coupled with a shift from a single standardized FIT, to differentiated FITs based on the […]
Vietnam’s PV Power to list with billion-dollar market cap
PV Power, the country’s second largest power producer, will list on the Ho Chi Minh bourse this month with a market capitalization of $1.5 billion. The Ho Chi Minh Stock Exchange (HoSE) has approved that the firm lists 2.34 billion shares (trading code POW) on January 14 at VND14,900 (64 cents) per share. This would […]
Vietnam’s renewable energy sector is now PE target
Private equity investor’s interest in Vietnam’s renewable energy sector is increasing as the country seeks private investments in the sector. In 2019, renewable energy has become of the most preferred sector for private equity investment in Vietnam, the third after fintech and the education sectors. It is noteworthy that in 2018, the renewable energy sector […]
Vietnam’s renewable energy sources not fully tapped: Experts
The potential of renewable energy sources, especially wind and solar power, is one of the keys to Việt Nam’s energy transformation towards carbon neutrality, but barriers stemming from the unresponsive transmission network and pricing mechanism is wasting the capacity of billions of kWh of electricity, according to experts. According to preliminary surveys and assessments, Việt […]
Vietnam’s renewables industry looking rosy
This opens up golden opportunities for the private sector to tap into the growing demand, but several bottlenecks must first be solved. The energy industry is now looking to the private sector as a financial, source in order to develop, according to the World Bank In 2018, the Vietnamese renewable power sector fared well, with […]
Vietnam’s solar drive
Vietnam has witnessed a huge rush in solar PV projects development as the validity of attractive feed-in-tariff (FIT) rates ended on 30 June 2019. According to the Vietnam Electricity Group (EVN) as of 30 June, a total of 82 solar power plants with a cumulative capacity of 4.46GW had been connected to the national grid. Because […]