Vietnam has seen a boom in renewable energy projects, in a bid to meet the nation’s future demands for power, after the Government scrapped plans to build a nuclear power plant in Ninh Thuận Province. Experts have noted that this is a golden opportunity for the country, which is confronted by environmental issues, to develop renewable energy, given the huge potential of wind and solar power. A wind farm in Quảng Trị Province. – VNA/VNS Photo Duy Khương In 2015, the Prime Minister approved a renewable energy development strategy by 2030 with a vision to 2050, which targeted an increase in the ratio of power generated from renewable energy to 32% by 2030 and 43% by 2050. The national project for power development in 2011-20 also identified developing renewable energy as a breakthrough to ensure the security of the nation’s energy supplies, and reduce the negative impact of generating power on the environment. This could be regarded as a launching pad to promote investment in developing renewable energy in Vietnam, according to Võ Tân Thành, deputy chairman of the Vietnam Chamber of Commerce and Industry. There were some 50 wind power, and more than 100 solar power projects, along with a number of biomass projects being developed in the country. Hundreds of solar projects have been registered, as of July 2017, allowing them to seek investors, with a total capacity of up to 17,000 MW, according to an estimate by the Energy Programme’s officer under the US Agency for International… [Read full story]
Vietnam has seen a boom in renewable energy projects, in a bid to meet the nation’s future demands for power, after the Government scrapped plans to build a nuclear power plant in Ninh Thuan Province.Experts have noted that this is a golden opportunity for the country, which is confronted by environmental issues, to develop renewable energy, given the huge potential of wind and solar power.In 2015, the Prime Minister approved a renewable energy development strategy by 2030 with a vision to 2050, which targeted an increase in the ratio of power generated from renewable energy to 32 per cent by…... [read more]
Vietnam should develop renewable energy to lessen import dependenceLan Nhi HANOI – Vietnam officially turned from a net exporter of energy into an importer in 2015 with buying 3% of energy demand from outside sources, said Nguyen Van Vy from the Vietnam Energy Association. Speaking at a seminar on small hydropower project and renewable energy development in Hanoi yesterday, Vy said the imported energy as a percentage of domestic demand is forecast to increase to 24% or even 44% in 2030 if renewable energy projects are not developed. Deputy Minister of Industry and Trade Hoang Quoc Vuong noted that the…... [read more]
(VEN) - On the sidelines of the second international exhibition for Renewable and Decentralised Energy Solutions (ENEREXPRO 2012), the Deputy Director of the Ministry of Industry and Trade's Department of Science and Technology Phan Cong Hop talked to Vietnam Economic News' Lan Phuong about solutions to develop renewable energy projects. The benefits of renewable energy resources are undeniable in the current context of complex climate change and the fossil energy resources are gradually becoming exhausted. Therefore, the National Power Development plan in the 2011-2020 period, with vision to 2030 (Plan 7) will focus on developing renewable energy resources to gradually…... [read more]
(VEN) - The Bac Lieu Wind Power Plant was integrated into the national grid at the end of May, becoming the only renewable energy project to access loans from foreign institutions, raising the question of how to solve funding issues for renewable energy projects. Renewable energy development is considered to be one of the solutions to ensure energy security and a healthy environment. However, renewable energy project investment is not at all small and therefore these projects seem less attractive to investors. As for access to concessional loans for the construction of renewable energy projects, to date only Bac…... [read more]
(VEN) - On May 10, on behalf of Switzerland's State Secretariat for Economic Affairs (SECO) and Vietnam's Ministry of Industry and Trade (MOIT), the two representatives, Beatrice Maser Mallor, Ambassador, Head of Economic Development Cooperation (SECO) and Mr. Hoang Quoc Vuong, Vice Minister of MOIT, signed a bilateral agreement on implementation of Switzerland's grant contribution of USD 2.43 million to the Renewable Energy Development Project (REDP). The project, funded by the World Bank (WB) and implemented by MOIT, aims to increase the electricity supply to Vietnam's national grid from renewable energy sources, on a financially, environmentally and socially sustainable basis.…... [read more]
