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
Renewable energy
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
Developing renewable energy from waste
VietNamNet Bridge - HCMC alone discharges 8,300 tons of waste every day, 76 percent of which is buried. Much of the waste could be recycled into clean energy. Vietnam wants to develop renewable energy projectsThe land fund for burying waste in large cities is getting scarce, while the demand for clean power in Vietnam is predicted to increase by 7 percent by 2020. Kimmo Tuppurainen from Watrec, a Finnish biogas technology firm, said when the company built its plant in Thailand, it received strong support and a subsidy from the local government, but it cannot get this in Vietnam. … [Read more...] about Developing renewable energy from waste
Ninh Thuan a renewable energy hub
Officials say Ninh Thuan Province’s plan to become a national renewable energy hub is a sound one that will positively impact its socioeconomic progress. Wind turbines erected by the Vietnam Renewable Energy Joint Stock Company in Ninh Thuan Province.Pham Dang Thanh, Director of Ninh Thuan provincial Department of Industry and Trade (DIT), told the Vietnam News Agency that the province saw the renewable energy industry as a breakthrough for local economic growth.The development of industrial solar power projects in Ninh Thuan Province will continue rapidly till 2020, Thanh said.Pham Van Hau, Vice Chairman of the Ninh Thuan People’s Committee, also told VNA that the province has so far issued investment certificates for eight wind power projects with a total investment capital of VND19.7 trillion (US$876 million) and total annual capacity of 514 megawatts.Hau said the province will always opt for the most capable, experienced and committed investor for the renewable energy … [Read more...] about Ninh Thuan a renewable energy hub
Ninh Thuan aims to become renewable energy centre
Ninh Thuan boasts huge potential for wind power development (Photo: VNA)Ninh Thuan (VNA) – Boasting huge potential for renewable powerdevelopment, the south central coastal province of Ninh Thuan is working tolure investments in the sector, aiming to become Vietnam’s clean energy centre.The province is relatively safe from storm while boasting good wind resourceswith wind speed of between 6.4-9.6 metres per second for 10 months a year,which is a favourable condition for developing wind energy. Surveys show 14 wind potential areas of about 8,000 hectares, mainly in threedistricts of Ninh Phuoc, Thuan Nam and Thuan Bac. Besides, the locality also holds good solar energy potential as it has averagesunshine hours of 2,600-2,800 per year, with solar radiation at 320 kcal/cm2per year.Ninh Thuan already has its local master plan on wind power development from2011-2020 with a vision to 2030 approved by the Minister of Industry and Trade,which designates five potential zones with … [Read more...] about Ninh Thuan aims to become renewable energy centre
Direct PPAs spark renewable energy
To attract investment in the renewable energy sector, the Ministry of Industry and Trade has confirmed that a mechanism to allow businesses to buy power at competitive prices from renewable energy generators will be piloted in 2018.The mechanism will enable businesses in Vietnam to enter into contracts directly with renewable energy generators. Speaking at the annual Vietnam Business Forum (VBF) recently, Deputy Minister of Industry and Trade Do Thang Hai said that the pilot will be implemented in the fourth quarter of 2018 at the latest.The Ministry of Industry and Trade (MoIT) had previously confirmed that it was prioritising the study of direct power purchase agreements (DPPAs), and that the Electricity Regulatory Authority (ERA) has been assigned to work with the United States Agency for International Development (USAID) to implement a technical assistance programme on DPPAs.The MoIT asked the consultants to define clear milestones and provide a detailed schedule of DPPA … [Read more...] about Direct PPAs spark renewable energy
Renewable energy will lead the power sector
Renewable energy will lead the power sectorThuy Dung HANOI - Renewable energy will lead the energy sector in the next 20 years and the production cost of renewable energy is gradually approaching that of traditional energy, heard a conference on energy solutions for Vietnam held by General Electric Company (GE) in Hanoi on April 27. Andres Isaza, vice president and chief commercial officer of GE Renewable Energy, said there are three trends in the energy industry: technological change, scattered electricity production and reduction of CO2 emissions. Digital technology with data analysis software and modern hardware will provide stable power supply at more reasonable costs. In addition, the trend toward scattered electricity generation, in which power plants are not centralized at certain areas but located near sources of electricity consumption, will also change the energy sector. Consumers have become electricity producers as more and more individuals and organizations install and … [Read more...] about Renewable energy will lead the power sector