Renewables edging out coal in South-East Asia
[MANILA] Within a decade, Indonesia, the Philippines and Vietnam will find it cheaper to create new solar cell capacity than keep existing coal-fired power plants running to generate electricity, says a new report. Power generation from renewable sources is crucial to meeting the key goal of the 2015 Paris Agreement to maintain global average temperature rise […]
Banks key in country’s green growth strategy
Hanoi (VNS/VNA) – The banking sector plays a key role in “green” investment, including directing credit flow into environmentally-friendly sectors and restricting flow into projects which might have negative impacts on the environment. This was highlighted at a conference about developing green banking in Vietnam organised by the Banking Strategy Institute in Hanoi on November […]
ECV moves LNG project to new location
Energy Capital Vietnam (ECV) has announced that it has moved its initial project location from Bac Lieu to Quang Nam, which is located along the central coast of the country approximately one hour south of Da Nang. According to the statement, the decision was made in cooperation and consultation with the office of the Prime […]
Japan’s TEPCO buys into 29.7-MW hydropower plant in Vietnam
November 9 (Renewables Now) – Tokyo Electric Power Company Holdings Inc (TYO:9501), or TEPCO, announced today that it has acquired a minority stake in the 29.7-MW Coc San hydropower plant (HPP) in Vietnam. TEPCO said in a statement it has bought 36.38% of the shares in Singapore-based Viet Hydro Pte Ltd, which is the majority […]
Making ends meet for Vietnam’s growing energy sector
Coal takes centre stage with 35% market share, whilst renewables deals are stuck at pre-investment even with electricity demand poised to grow by 8% until 2025. As Vietnam’s energy sector expands, the role of the private sector and foreign investment is increasing, taking the form of build-operate-transfer (BOT). Some newly licensed BOTs include Nam Dinh […]
Germany to cooperate & support Vietnam in development of wind energy
At the event, German Consul General to Ho Chi Minh City Mr. Andreas Siegel highlighted the potential for renewable energy including wind energy of Vietnam. According to participants, Vietnam boasts favourable conditions to develop renewable energy, including wind energy. Under a draft national renewable energy development plan of the Energy Institute of the Ministry of […]
MVOT wins $176-mn equipment deal for Vietnam offshore gas project
Under the 7-year contract, MVOT, a joint venture between PetroVietnam Technical Services and Malaysia’s MISC Berhad, will provide a FSO to the Japanese firm for the development of the Sao Vang-Dai Nguyet gas field, PetroVietnam said. HANOI: Malaysia Vietnam Offshore Terminal (MVOT) has been awarded a $176 million contract to provide equipment for Idemitsu Kosan […]
Singaporeans dish second helping of Vietnam wind
Singaporean developer Blue Circle has completed construction of phase two of the Dam Nai wind farm in Vietnam bringing total capacity 40MW. The second stage has added 12 turbines to the three Siemens Gamesa G114-2.625MW machines that have been operating since October 2017 in Ninh Thuan province in the south of the country, the company […]
France, Vietnam sign $10 billion deals
Prime Minister Nguyen Xuan Phuc and his French counterpart Edouard Philippe affirmed their determination to deepen the Vietnam-France strategic partnership for shared benefit during their talks in Hanoi on Nov. 2 as part of the French PM’s ongoing visit to Vietnam. PM Phuc lauded the tour to Vietnam by Philippe, saying it is the second […]
Vietnam Increases Feed-in-Tariffs for Wind Projects
According to Decision No.39/2018/QD-TTg (“Decision 39”) issued on 10 September 2018, the feed-in-tariffs (FiTs) for wind energy projects have been increased from US cents 7.8/kWh to VND 1,928/ kWh (US cents 8.5 per kWh) for onshore wind power projects and VND 2,223/kWh (US cents 9.8 per kWh) for offshore wind power projects. The new FiTs […]