NINH THUẬN — Trung Nam Group inaugurated the last phase of its wind farm yesterday in the central province of Ninh Thuận’s Thuận Bắc district, making the 152 MW farm the largest in Việt Nam. The finished wind farm worth VNĐ4 trillion (US$172.4 million) would produce 423 million kWh of electricity per year. Combined with…
Once again Vietnam has set another local record in its solar sector. This time it is for rooftop solar installation. At the end of 2020, the country’s rooftop solar installations added 9.3 gigawatts (GW) to its national grid. Vietnam outdid itself with a new record by creating an eight-fold increase in rooftop solar by the…
Vietnam is set to cut up to 1.74 billion kilowatt-hours of renewable energy in the second half this year to deal with national grid overload. A plan proposed by the National Load Dispatch Center (NLDC), under the national utility Vietnam Electricity (EVN) intends to cut 180 million kilowatt-hours per month in the third quarter and…
Low power demand coupled with oversupply of electricity at times have forced authorities to cut the capacity of renewable energy plants in order to avoid overwhelming the national grid, according to the Ministry of Industry and Trade (MoIT). A large amount of investments from social resources has been poured into developing renewable energy, particularly solar…
Gunkul Engineering Plc, a key renewable energy developer and construction company, is diversifying into cannabis development and hemp-based products by turning some of its wind farms into cultivation and production facilities. The company wants to take advantage of the state policy that delists marijuana and hemp from the narcotics category to earn extra revenue as…
The Ministry of Industry and Trade (MoIT) will issue a new price mechanism for rooftop solar power this month, with prices likely to fall to below 6 US cents per kWh, according to Hoang Tien Dung, Director of the ministry’s Electricity and Renewable Energy Department. Rooftop solar power will fetch only 5.2-5.8 US cents per…
TNB Renewables, a wholly-owned subsidiary of Malaysian utility company Tenaga Nasional Berhad (TNB), will buy a 39% stake in five rooftop solar projects developed by Singapore-based Sunseap Group in Vietnam. The process will be completed by March 2021. Sunseap Group is a clean energy solutions provider in Singapore, with over 300 MW of contracted rooftop…
According to the latest Global Climate Risk Index report, published in January, Vietnam’s economy is among the most vulnerable in the world to the impacts of climate change. Another report by the UN Intergovernmental Panel on Climate Change (UNIPCC) indicates that Vietnam’s climate challenges are much greater than usually suggested. The Global Climate Risk Index report…
Vietnam plans to reduce its renewable energy output by 1.3 billion kilowatt hours (kWh) this year, with transmission capacity unable to handle the supply. An oversupply of renewable energy, especially during midday peak sun hours, and the overload on the transmission line from the central region to the north are among the biggest power management…
In 2014, the installed capacity of non-hydroelectric renewable energy in Vietnam (such as solar, wind and biomass gasification) stood at 109 megawatts (MW), about one third of one percent of the country’s total installed capacity of 34,079 MW. At the time, Vietnam’s electricity mix was dominated by hydropower (46 percent), coal (29 percent) and natural…
Despite some near-term delays due to the Covid-19 pandemic, solar power and offshore wind will drive steep growth in non-hydro renewables in Asia, which will more than double between 2020 and 2029 to a capacity exceeding 1,500GW, Fitch Solutions forecast. As Chinese solar manufacturers have continued to expand their manufacturing bases outside China, a local…
GE Renewable Energy has secured a 27MW turbine deal in Vietnam for the Phuoc Minh wind farm in the Ninh Thuan region of the country. The contract is for the supply of eight 3MW-137 machines. A consortium of PowerChina Huadong Engineering Corporation, Henste Engineering and IPC Group will provide full engineering, procurement and construction services…
The Mekong Delta needs to develop value-added agricultural products to enter global value chains, officials have said. With an open economy, Vietnamese-made goods will face strong competition from foreign-made goods. Le Minh Hoan, Deputy Minister of Agriculture and Rural Development, pointed out that application of scientific and technological advances in agricultural production are needed to create…
Vietnam has risen five places to 34th out of 40 economies in a global ranking of attractiveness in terms of renewable energy investment. With an average score of 50.1, the country fared better than Thailand at 38th but poorer than the rest of its neighbors, according to the Renewable Energy Country Attractiveness Index released Wednesday…
Vietnam has now effectively overtaken Thailand as the largest solar market in Southeast Asia in terms of installed solar operational capacity, with more than 6,314 MW installed up to September 2020. However, its solar (and other renewable energy) M&A activity has developed very slowly to date. There are many reasons to expect that this is…
Having contained the COVID-19 pandemic, Vietnam is becoming the first developing country to adopt carbon pricing in the post-pandemic period to help guide a cleaner recovery. On 17 November, Vietnam’s National Assembly passed the revised Law on Environmental Protection legalising an emission trading scheme. The law will take effect on 1 January 2022. This policy…
Vietnam has completed an updated Nationally Determined Contribution (NDC) with plans to reduce total greenhouse gas emissions 9 percent by 2030 in an attempt to respond to climate change. Tang The Cuong, Director of the Ministry of Natural Resources and Environment’s Department of Climate Change, said Vietnam had completed the updated NDC despite complications caused…
The Vietnamese renewables industry has been flourishing lately. Taking the example of the solar sector, the installed capacity increased from barely 134 MW in 2018 up to 6,000 MW in 2020. Surprisingly, this dynamism contrasts with a more challenging environment when it comes to the number of merger & acquisition (M&A) deals – both greenfield…
The US$1.34 billion Botum Sakor coal plant will have a generating capacity of 700 megawatts (MW) and be built by the Cambodian Royal Group and Sinosteel Equipment and Engineering Company, a subsidiary of China’s state-owned Sinosteel Corporation. Botum Sakor is one of two coal plants Cambodia’s government has approved this year in response to severe…
OCTOBER 26, 2020 – 7:45 PM SINGAPORE is set to ink an agreement with Laos, Thailand and Malaysia at an Asean meeting next month to advance cooperation on cross-border power trading, Second Minister for Trade and Industry Tan See Leng said on Monday. This comes as the Asean Centre of Energy has predicted that energy…
Binh Dinh Province has given approval to a German company to study the possibility of building the country’s second offshore wind power plant. PNG AG will carry out a year-long study for a $1.5-billion wind power plant in the districts of Phu Cat and Phu My. The company, which has over 20 years of experience…
SINGAPORE: Tropical Southeast Asia long had plans to harness the power of the winds to propel the next phase of their economic growth. In 2015, the Association of Southeast Asian Nations (ASEAN) set an ambitious target of securing 23 per cent of its primary energy from renewable sources by 2025 with energy demand projected to…
Vietnam has been making great strides in projecting itself as an effective leader, particularly with its proactive governance in handling the COVID-19 pandemic, climate change policy, and for its political stability. There has been recent speculation regarding Vietnam taking-up the role as new de facto leader of ASEAN. Vietnam has achieved the United Nations’ (UN)…
The Asian Development Bank (ADB) and Phu Yen TTP Joint Stock Company (Phu Yen JSC) on Friday signed a $186 million loan to develop and operate a 257MW solar power plant in the southern province of Phu Yen’s Hoa Hoi commune, through the country’s first certified green loan. Phu Yen JSC is owned by B…
HO CHI MINH CITY — Vietnam aims to double use of renewable energy and slash carbon emissions 15% by 2030, which could reduce reliance on coal in a country threatened by climate change and power outages. Solar, wind and other alternative energy will comprise 15% to 20% of the power supply within a decade, according…
Hanoi (VNS/VNA) — Renewable energy companies were becoming more active in the corporate bond market, according to brokerages. Statistics from the Hanoi Stock Exchange (HNX), the national trade promotion office of Finland Finnpro and Techcombank Securities Co showed that among the 171 trillion VND (7.4 billion USD) of corporate bonds issued in the first half of this…
A power development plan for 2021-2030 with a vision to 2045 would not only meet electricity demand but also more importantly create a strong association between Vietnam and other countries in the region towards a competitive power market. Deputy Minister of Industry and Trade Hoang Quoc Vuong made the statement at a conference held in…
A 30MW solar power station located in Pursat province’s eastern Krakor district has been connected to the national grid as it enters its testing and commissioning phase. The project is part of the government’s plan to boost the Kingdom’s clean-energy portfolio to 450MW by the end of 2022. Keo Rottanak, the director-general of State-run electricity…
Construction of the B&T wind farm group, the largest foreign-funded renewable energy project in Vietnam, began in central Quang Binh province. Spanning more than 2,244 hectares in Quang Ninh and Le Thuy districts, the Philippine invested cluster has a total value of around $ 384.6 million and combines two farms. The first, B&T 1, will…
Vietnam Electricity (EVN) has reported impressive results of the renewable energy boosting scheme in the country, particularly the significant growth of solar panels installed on rooftops. Until September 2020, there have been nearly 50,000 houses throughout Vietnam registering the operation of their solar rooftop system, harnessing around 1,200MWp. Noticeably, to amend the overloading status of…
