Le Hong Hiep Punishment awaits the Vietnam senior officials who allowed the country’s renewable energy quest to go off the rails, despite its apparent initial success. This policy crisis has the potential to affect other economic sectors if no clear end is in sight. In late 2023, the Inspection Commission of the Central Committee of…
Vietnam has been making policy changes to open up the electricity industry to private investors, but still remains far from creating a competitive market. Until 2006 state-owned Vietnam Electricity (EVN) owned all power plants in the country, but its monopoly has been reducing since, and it now only accounts directly or indirectly for around 37.6%…
HANOI, July 17 (Reuters) – Vietnam received its first shipment of liquefied natural gas (LNG) this month, a milestone for the energy-hungry country, but various hurdles mean it could take years for imported gas to ease the country’s long-running power shortages. Disagreement over pricing, plant construction delays and lack of supply contracts are dogging the…
HANOI, May 16 (Reuters) – The prime minister of Vietnam approved a long-awaited power plan for this decade that needs $134.7 billion of funding for new power plants and grids, the government said late on Monday, in a move that may help unlock billions of dollars of foreign investment. The Vietnam power plan, known as…
Hanoi (VNA) – The Cambodia government on April 7 approved the construction of five renewable energy power plants with a total capacity of 520 megawatts. According to spokesman of the Cambodian government Phay Siphan, the approval was made during a meeting of the Council of Ministers chaired by Prime Minister Samdech Techo Hun Sen. Phay…
Nguyen Hung Dien, Minister of Industry and Trade of Vietnam, established the new framework for electricity prices for transitional solar as well as wind power projects. The ceiling price for electricity generation (excluding value-added taxes) is VND1,184.90/kWh for ground solar power plants and VND1,508.27/kWh for floating solar power plants. For the onshore wind power plants,…
The Vietnam government is reportedly concerned about legal action from solar investors if its new power development plan does not prove ambitious enough. Vietnam’s latest draft energy plan prepares for 8.7 GW of new solar between 2021 and 2030, but the Vietnam Ministry of Industry and Trade is reportedly fearful of legal action by solar…
After a renewables frenzy, Vietnam’s solar energy goes to waste in many provinces without enough transmission capacity. For up to 12 days every month, Tran Nhu Anh Kiet, a supermarket manager in Vietnam’s Ninh Thuan province, is forced to turn off his solar panels during the most lucrative peak sunshine hours. “I’m losing on average…
By Anh Minh February 27, 2022 | 04:22 pm GMT+7 A worker cleans solar power panels in Vietnam’s central Ninh Thuan Province in 2019. Photo by VnExpress/Quynh Tran The solar power capacity planned by Vietnam for 2031-2045 is “too high” should be cut to give space for wind power, the government says. In a communiqué…
The Vietnam Ministry of Industry and Trade will not add any more wind and solar power into this year’s 2022 plan, due to a lack of input facilities to transfer them to the national grid. At the 2021 review meeting of the National Load Dispatch Centre on January 10, its deputy director Nguyen Quoc Trung…
After adding 3,420 megawatts of power capacity last year, Vietnam now leads Southeast Asia in power production with 76,620 MW. The increase in power production represented a 9.8 percent increase in capacity, CEO of national utility Vietnam Electricity (EVN), Tran Dinh Nhan, said at a forum Friday. He however expressed concern that 27 percent of…
Cambodia will add 495MW of solar power capacity from seven projects by 2023, which will represent “20 per cent” of the total energy supply by then, as the world looks to harness the sun as a key source of renewable electric power in the fight against climate change, according to a senior energy official on…
SP Group (SP) and BCG Energy, a wholly-owned subsidiary of Bamboo Capital JSC, have formalised a joint venture (JV) to invest in rooftop solar and other renewable energy projects in Vietnam. In a press statement on Monday, SP said that it will own 49 per cent of the Vietnam JV, while the wholly-owned subsidiary of…
Prime Road Alternative (Cambodia) Co Ltd will soon break ground on a 60MW solar power farm in southwestern Kampong Chhnang province valued at $37.4 million. Provincial Department of Mines and Energy director Uk Ros told The Post on July 28 that the project would be built over a year and a half in Teuk Phos…
A floating solar power farm covering an area of 45ha was unveiled in Singapore on July 14, becoming one of the largest of its kind in the world. With 122,000 panels on Tengeh Reservoir, this is the city-state’s most ambitious project, built by the energy and urban development company Sembcorp Industries with support from the…
It is likely that Vietnam will have to reduce renewable energy sources in the next five years, as booming development in recent years was weighing on the power system, according to a recent report by the Institute of Energy. The report showed that Vietnam’s power system had a total power generation capacity of around 69…
Singaporean utility company SP Group has signed a memorandum of understanding with BCG Energy, a holding subsidiary of Vietnamese investor Bamboo Capital, to support the development of new renewable energy projects in the country. As part of the deal, SP will be able to acquire a 49% stake in BCG Energy’s subsidiary, Skylar Joint Stock…
Southeast Asia Clean Energy Facility (SEACEF) is a collaboration between leading international foundations, including Microsoft, that seeks to accelerate the low carbon transition in Southeast Asia. The goal of SEACEF is to catalyze the move away from traditional fossil and thermal energy projects. The floating solar and storage peaking plant has a target capacity of…
Hong Lai Huat Group’s subsidiary HLH Agriculture (Cambodia) Co. has entered into a non-binding memorandum of understanding (MOU) with China Machinery Engineering Corporation (CMEC) for a solar farm project in Cambodia. Pursuant to the MOU, Hong Lai Huat and Hong Kong-listed CMEC will form a special purpose vehicle (SPV) to develop and operate a 200…
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…
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…
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…
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 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…
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…
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…
HCM City (VNS/VNA) – National electricity demand is expected to increase by 8.5 percent a year until 2025 and 7 percent until 2030, making Vietnam an attractive market for foreign energy investors. The economy is expected to grow at 6.5-7.5 percent annually until 2030, and would require 90,000MW of power by 2025 and 130,000MW by…
PHNOM PENH — Cambodia’s embrace of new coal power projects is making the Southeast Asian state “less attractive” to international brands producing in the country. In a letter addressed to the Cambodian government and seen by the Nikkei Asian Review, several major companies expressed concern about the country’s plans to nearly triple the amount of…
Although the coronavirus has affected severely economies of the major countries, Vietnam’s economy grew by 1.81 per cent in the first half of 2020. Vietnam’s economy is expected to bounce back up to 6.8 per cent in 2021. The energy demand will rise by over 10 per cent per year by the end of 2020…
Vietnam is struggling to fully utilize the potential of renewable energy because of policy roadblocks even though power shortages are expected in upcoming years. In the central province of Ninh Thuan, one of the solar power hotspots in the country, nine of 15 operating solar projects are running at just 30-60 percent of their maximum…
Sharp Energy Solutions Corporation (SESJ), a subsidiary of Sharp Corporation, specializing in energy solutions such as the sales of PV systems and the installation of electrical equipment, announced the completion of a mega solar power plant in Ninh Thuan Province, Vietnam. The new plant has an output of approximately 45 MW-dc, with annual power generation…
A RENEWABLE-ENERGY fund will invest more than $2.5 billion in Southeast Asian renewable energy projects to support the region’s recovery from the pandemic, with a focus on the Philippines, Vietnam and Indonesia. In a statement issued Monday, the South East Asia Clean Energy Facility (SEACEF) said it will offer high-risk venture capital-type funding initiative to…
Vietnamese Prime Minister Nguyen Xuan Phuc has requested the Ministry of Planning and Investment (MPI) propose suitable management solutions for solar power projects to ensure national security. The Government Office released the directive to the MPI, the Ministry of Industry and Trade and relevant agencies after local media reported that a Thai investor acquired solar…
HONOLULU, June 2, 2020 – Hawaiian Electric has posted details of 16 solar-plus-storage or standalone-storage projects selected in the latest phase of the clean energy transition for Oahu, Maui and Hawaii Island. If all projects are completed as planned, nearly seven points will be added to Hawaiian Electric’s renewable portfolio percentage by 2025. The company…
BÌNH ĐỊNH — Clean Energy Vision Development JSC, a subsidiary of Bamboo Capital Group, yesterday (May 29) broke ground for the Phù Mỹ solar power plant in Bình Định Province’s Phù Mỹ District. To be built in Mỹ An and Mỹ Thắng communes, the 330MW plant is the largest of its kinds in the province…
PHNOM PENH — The Ministry of Mines and Energy on Tuesday said it was looking to quadruple its current installed solar power output, even while continuing to invest in coal-fired plants and hydropower on smaller tributaries. In the brief report obtained by VOA Khmer on Tuesday, the ministry is looking to invest in renewable energy,…
Cambodia’s installed solar power capacity has increased by 60 MW after a new photovoltaic (PV) park was tied to the national grid, the Phnom Penh Post reports, citing a government official. The solar farm is located in Kampong Chhnang province in the central part of the country and is owned by a SchneiTec Renewable Co…
Despite the COVID-19 pandemic effectively pressing the pause button on many upcoming construction projects in the country, four major solar projects are still on schedule and expected to start generating power to the grid by the end of 2020. The four solar projects were approved by the Council of the Ministers in July 2019 and…
NINH THUẬN— A 450MW solar power plant, the largest in Southeast Asia, will be built in Phước Minh Commune, Ninh Thuận Province. Trung Nam Group, the investor, said construction of the solar farm would start in the second quarter of this year and be completed in the fourth quarter. https://vietnamnews.vn/economy/654081/ninh-thuan-to-get-southeast-asias-largest-solar-power-plan.html
HÀ NỘI — Technological advances, preferential credit policies and pricing incentives have set the stage for solar rooftop energy to become the next big thing in clean energy in Việt Nam, according to industry insiders. As the number of solar farms surged in 2018-19, the Ministry of Industry and Trade has suspended the issuance of…
The ground-mounted solar project will be set up in the Banteay Meanchey province of Cambodia B.Grimm Power Public Company Limited has announced that its wholly-owned subsidiary, B.Grimm Solar Power 1 Company Limited, has completed the acquisition of Ray Power Supply Company Limited. https://mercomindia.com/b-grimm-acquires-ray-power-supply-in-cambodia
After commissioning the largest solar farm in Southeast Asia last month Vietnam is to kick its use of renewable energy to a higher level with the largest installation of floating solar photovoltaic (PV) panels in the region. A $37 million loan agreement signed October 2 between the Asian Development Bank (ADB) and Da Nhim–Ham Thuan–Da…
