Coro Energy Plc (LON:CORO) announced on Friday that it has completed the commissioning of a 3-MW rooftop solar pilot project in Vietnam.

According to Mainstream Renewable Power, LiDAR has remote sensing equipment that accurately maps wind conditions and other atmospheric conditions, and is used in offshore wind projects to provide data to determine energy output for an offshore zone.  

Vietnam may be thousands of kilometres away from the Russia-Ukraine war, but it is feeling the effects of the conflict, particularly in energy prices and its defence industry.

During a working session in Hanoi on February 23, the two sides agreed that they are well implementing an MoU signed in 2016 between the two governments on cooperation in hydropower development in Laos, grid connections and electricity import from Laos.

As the energy industry has a crucial role in achieving net zero emissions by 2050, it requires a structural transition toward green growth. Therefore, Việt Nam needs assistance from developed countries regarding both financial and technical issues.

Vietnam will need between US$8 billion to US$14bn each year till 2030 to bring its power network up to date, including developing new power plants and expanding its grid, a minister has said.

Vietnam’s coal imports are forecast to rise to meet domestic production demand, according to a draft strategy for developing the coal industry in Vietnam recently introduced by the Ministry of Industry and Trade (MoIT).

Norwegian energy group Equinor ASA (NYSE:EQNR) is keen on collaborating with state-owned Vietnam Oil and Gas Group, trading as PetroVietnam, on clean energy projects and offshore wind in particular.

Delegations from Vietnam and the United States met in Washington, DC for the fourth annual United States-Vietnam Energy Security Dialogue on July 26-28.  Vietnam’s Ministry of Industry and Trade Vice Minister Dang Hoang An and the State Department’s Bureau of Energy Resources (ENR) Senior Bureau Official Harry Kamian led the delegations.

Vietnam will need investment of between US$8 billion and US$14 billion a year through to 2030 to develop new power plants and expand its grid, its deputy industry minister had said this week.