|
|
Due to Vietnam’s growing need for energy and excellent wind power resources, many developers have considered the market for quite some time. However, the tariff published in 2011 and other issues that arose during the development process have slowed projects due to the commercial risks perceived by investors and financing entities.
In September, the Prime Minister issued a decision (39/2018/QD-TTg) amending and supplementing the 2011 decision on wind power projects in Vietnam. Wind power projects, which were put into operation before the decision went into effect will be subject to this new price policy from November 1, 2018. Wind power projects benefiting from this policy shall not be subject to other price-based promotion policies.
The German foreign aid agency GIZ, which runs an energy support program in Vietnam, applauded the price adjustment, considering it a significant signal for all market actors to invest further in the wind power market in Vietnam. Currently, wind power only accounts for 200MW of installed capacity (with 100MW under construction). GIZ estimates that the technical potential of wind power in Vietnam is huge – at about 27 gigawatts – and able to replace a large share of future planned thermal (coal and gas) power generation.
According to Decision 39/2018/QD-TTg, investors are allowed to commence construction of a wind power project only when meeting stipulated conditions including signed electricity purchase and sale contracts with a power purchasing party, an agreement on power connection signed with electricity distributors or transmitters, and wind data reports of at least 12 consecutive months.
|
The Ministry of Industry and Trade will propose that the Prime Minister consider allowing wind power auctions and price regulations for application from November 11, 2021. |
Lan Anh
- BMW Is Burning Cow Pies on the Road to Renewable Energy
- Solar jobs soar as Maryland prioritizes renewable energy
- Sixers practice notes: Brett Brown calls for renewed energy following disappointing losses
- Two offshore wind projects to be considered by Maryland regulators
- Ocean energy: "what we need to see is sustained support"
- Sports Vietnam's women advance to 3rd round of 2020 Olympics Qualifiers after three wins Technology and the expats in Vietnam
- Sports Vietnam's women advance to 3rd round of 2020 Olympics Qualifiers after three wins Trashpacking in Vietnam – a growing trend
- Pushing down energy use — and bills
- Solar and wind firms call the 'Green New Deal' too extreme
- Wind Turbines On Galapagos Meet 30% Of Energy Needs
