Viet Nam should study operational solutions to make full use of existing power sources and enhance the development of renewable energy sources due to the rapid deployment of construction to ensure electricity supply in 2021-30, according to the Ministry of Industry and Trade (MoIT).
As a pioneer in renewable energy, Copper Mountain Energy is continues to assert its leading position in developing rooftop solar power projects in Vietnam.
Circular 18 became effective from last month and superseded the previous Circular 16 on the same subject matter. Circular 18 introduces updated template power purchase agreements (PPA) as well as revised regulations for the development of grid-connected solar farms and rooftop solar power systems. Despite rapid growth and significant investment potential, the Vietnamese renewable energy market and the associated regulatory regime remains highly complex and constantly evolving.
The Cypress onshore wind platform enables significant annual energy production improvements, increased efficiency in serviceability, improved logistics and siting potential, and ultimately more value for customers.
The Vietnam Renewable Energy Week 2020 was launched in Hanoi on August 25 by the Vietnam Sustainable Energy Alliance, the Vietnam Climate Action Alliance, and the Vietnam Union of Science and Technology Associations.
The Vietnam National Oil and Gas Group (PVN) will step up the development of new and renewable energies as one measure in achieving targets in its development strategy in the 2020-25 period.
Thai renewable energy company BCPG plans to build Southeast Asia’s largest wind farm in Laos and sell its electricity to Vietnam.
With its strong commitment to reducing CO2 emissions and with a healthy investment outlook, Vietnam has been deemed by industry insiders to be the most exciting renewable energy market in Southeast Asia. The country set a goal for installed solar capacity to 12 gigawatts, and to 6GW of wind capacity, by 2030 in alignment of the national Power Development Plan VII (PDP7) for the period of 2016 -2030 with a vision to 2030, but it will not stop there as targets to deploy total renewable power capacity is expected to increase in brand new power master plan (PDP8) for 2021-2030, with a vision towards 2045 .
In June, IREX Energy JSC – a member Solar Bach Khoa Group (SolarBK) – began co-operation with Jiangsu Luneng Energy Group from Singapore to build a manufacturing site for photovoltaic (PV) cells and solar modules, with a total capacity of up to one gigawatt peak, illustrating a giant leap for IREX, SolarBK, and Vietnam as a whole.
Many private enterprises said they want to invest in building renewable energy infrastructure, but Viet Nam still lacks mechanisms to encourage private enterprises to participate in this activity.