The list of renewable energy projects registered by foreign investors in Vietnam has been lengthened by projects from Thai and Spanish investors. Siemens Gamesa to develop 39MW wind farm in Ninh Thuan Siemens Gamesa Renewable Energy (SGRE) from Spain continues to reinforce its presence in Vietnam via developing the second phase of its existing 39 megawatt Dam Nai wind farm, located in the south central province of Ninh Thuan. However, the investment capital of the second phase has yet to be published. According to the plan, the company will furnish the remaining 12 turbines for commissioning by October this year. Siemens Gamesa will also handle the management and maintenance of the facility for the next ten years. "We are committed to Vietnam as a market and we want to be our customers' preferred partner in developing wind power projects," highlighted Álvaro Bilbao, CEO of Siemens Gamesa in the Asia-Pacific. Previously, in April 2017, SGRE, in collaboration with TSV JSC and the … [Read more...] about Thai and Spanish investors to enliven renewable energy sector
Renewable energy
Investors rush to book land plots for renewable energy projects
VietNamNet Bridge - The renewable power market has heated up in the last two years. Investment promotion conferences have been held and more projects have been registered by both Vietnamese and foreign investors. The renewable energy market has heated up in the last two years A recent report from USAID (United States Agency for International Development) found that in the solar power sector, as of 2017, more than 100 new projects had been planned, including 70 in Binh Thuan province. Transparency International (TI), in a recent special report about Vietnam’s renewable energy market, warned that poor administration and low transparency may lead to massive corruption in the market. The two major risks are related to programming and licensing of investors, and land access. It is possible that they will never implement the projects, but they can re-sell the land they book today to investors who have real demand. An analyst said that nearly all land plots in advantageous … [Read more...] about Investors rush to book land plots for renewable energy projects
National renewable energy summit opens in Nha Trang
The three-day event, a match-making platform for key stakeholders in the renewable energy sector, has brought together some 30 local investors, including TTC Energy, KN Group, Phu Cuong, Ocean Group and Hado Group and international developers and investors like Tata Power, Mainstream and Blue Circle. The 2018 Viet Nam Renewable Energy Summit opened in the central coastal city of Nha Trang yesterday. Also taking part are subsidiaries of the State-owned Electricity of Viet Nam like the National Load Dispatch Centre, Power Engineering Consulting Joint Stock Company No 3, and Thuan Bình Wind Power Joint Stock Company. There are several conferences, workshops, exhibitions and match-making forums, and industry players will share their knowledge and widen business contacts. VRES 2018 has topical sessions to discuss market intelligence and connect key investors with approved renewable projects that are looking for investment. Promotion of renewable energy The Ministry of Industry and … [Read more...] about National renewable energy summit opens in Nha Trang
Nha Trang to host Viet Nam Renewable Energy Summit 2018
VRES 2018 will be a match-making platform for key stakeholders in Viet Nam’s renewable energy sector to source potential partnership in renewable sectors. — VNA Photo The Viet Nam Renewable Energy Summit 2018 (VRES 2018) will take place on March 26 to 28 in InterContinental Nha Trang in the south-central province of Khanh Hoa’s Nha Trang City. VRES 2018 is organised by Neoventure Corporation, an energy advisory firm which helps international investors identify investment opportunities in the energy sector of emerging markets. The event will be a match-making platform for key stakeholders in Viet Nam’s renewable energy sector to source partnerships in renewable sectors. It is expected to gather some 30 local developers, including TTC Energy, KN Group, Phu Cuong, Ocean Group and Hado Group, together with international developers and investors like Tata Power, Mainstream and Blue Circle. Government bodies and State-owned Electricity of Viet Nam together with its … [Read more...] about Nha Trang to host Viet Nam Renewable Energy Summit 2018
ASEAN develops and enhances renewable energy capacity in its member…
“The development of renewable energy in Southeast Asia is critical to meet its energy needs and B.Grimm Power is at the forefront of the region’s fast growing alternative energy sector,” said Michael Barrow, Director General of ADB’s Private Sector Operation’s Department. “ADB is proud to once again partner with B.Grimm Power as it continues its expansion strategy in ASEAN member countries.” Source: Internet ADB’s financing will support B.Grimm Power’s implementation of the ASEAN Distributed Power Project, which will expand renewable and distributed power generation into new markets in ASEAN including Cambodia, Indonesia, Lao People’s Democratic Republic, Myanmar, the Philippines, and Viet Nam. The project will involve the execution and operation of distributed and utility-scale solar, wind, biomass, waste-to-energy, gas-fired power, energy storage, as well as associated infrastructure in ASEAN countries. B.Grimm … [Read more...] about ASEAN develops and enhances renewable energy capacity in its member…
Vietnam seeing a boom in renewable energy projects
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 … [Read more...] about Vietnam seeing a boom in renewable energy projects
Quang Tri calls for investment in renewable energy
Illustrative image (Source: VNA) Quang Tri (VNA) - The central province of Quang Tri is giving top priority to luring investment in renewable energy to fully tap its potential for wind and solar power. The provincial People’s Committee has approved four wind power projects with a combined capacity of 120 MW. By 2030, the province hopes to have five more wind power projects with a combined capacity of 150 MW. Quang Tri has been calling for investment in 17 solar power projects with a combined capacity of over 930 MW on 1,400 hectares. Besides, the province priorities other fields such as thermal power, wood product processing and export, eco and sea-based tourism, and hi-tech agriculture. In 2018, focus will also be put on restructuring enterprises. It has over 3,000 registered firms. However, only over 2,600 are operational, third fourths of which are micro- and small-sized construction companies. They have faced financial difficulties due to tightened public … [Read more...] about Quang Tri calls for investment in renewable energy
Vietnam, RoK partner in power, renewable energy development
Phu Lac wind power plant in Binh Thuan (Source: VNA) HCM City (VNA) – Vietnam and the Republic of Korea (RoK) hold potential of long-term cooperation in energy industry, renewable energy and smart grid, said Korean Minister of Trade, Industry and Energy Paik Un-gyu. He made the statement during the Vietnam – RoK Electricity and Renewable Energy Forum co-organised by the Korea Trade-Investment Promotion Agency and the Ho Chi Minh City chapter of the Vietnam Chamber of Commerce and Industry (VCCI) on February 2. Paik said Vietnam and the RoK are looking towards sustainable development goals via reducing green house gas emission, adaptation to climate change and environment protection. The RoK will actively invest in power production and renewable energy development in Vietnam, he said, adding that the country will also assist Vietnam in personnel training and technological transfer in the field. A representative from the Korea Electric Power Corporation … [Read more...] about Vietnam, RoK partner in power, renewable energy development
More firms register investment in renewable energy in Bac Lieu
It was unveiled during a conference on January 17 to provide information about the Bac Lieu Investment Promotion Conference 2018 scheduled for January 29-30. Speaking at the conference, Chairman of the provincial People’s Committee Duong Thanh Trung said it will be the first large-scale investment promotion event after 20 years of the province’s re-establishment. A series of activities during the event aim to attract investment resources from different economic sectors and popularise the image of Bac Lieu to businesses at home and abroad, he said, adding that feedback at the event will help Bac Lieu seek proper solutions to socio-economic development. Around 500 delegates at home and abroad are expected to attend the event during which construction on the third stage of 142MW Bac Lieu wind power plant, high-tech shrimp farming complex, and the largest symbol of Vietnamese shrimp will begin. Bac Lieu has a coastline of 56km with expansive alluvial … [Read more...] about More firms register investment in renewable energy in Bac Lieu
Bac Lieu has high hopes for renewable energy
VietNamNet Bridge - Soon after the Prime Minister agreed to Bac Lieu province’s proposal to cancel the Cai Cung thermopower project, investors visited the area to seek opportunities to develop renewable power projects. Vietnam wants to develop 'clean power'Duong Thanh Trung, chair of Bac Lieu‘s People’s Committee, in late 2017 confirmed that the PM had agreed to remove Cai Cung project from the electricity development program. This will pave the way for the province to step up the development of renewable energy.Besides the projects which have approval from provincial authorities, projects put forward by another 20 investors in the renewable energy sector have been put on the table of Bac Lieu leaders. … [Read more...] about Bac Lieu has high hopes for renewable energy