Vietnam contains one of the highest potential for wind power in the region, as it is endowed with high wind speeds particularly in the offshore or near-shore areas. Fitch Solutions, a subsidiary of Fitch Group, expects growing opportunities in Vietnam’s wind power sector, mainly thanks to stronger regulatory support announced in recent weeks and rising investor interest. The Vietnamese government has proposed several policies in recent months to boost the development of the wind power sector, in particular offshore wind, which bodes well for the industry, Fitch Solutions said in its latest report. It noted that Vietnam contains one of the highest potential for wind power in the region, as it is endowed with high wind speeds particularly in the offshore or near-shore areas, with the Ministry of Industry and Trade (MoIT) estimating this potential to be at approximately 475GW. Vietnam – Total Installed Wind Power Capacity, MW. In March 2020, Prime Minister Nguyen Xuan Phuc issued a resolution for a five-year plan to 2025 to develop renewable energy sources ‘off the coast’, with specific mechanisms and policies to attract both foreign and local developers to invest in the sector. In particular, Binh Thuan, Bac Lieu and Ca Mau were… Read full this story
- Wind power key to Vietnam’s renewable power supply: experts
- Mission of tech enterprises in turning Vietnam into powerful country
- Lamu wind power project resettlement plan launched
- Icra downgrades power sector outlook to negative
- ADC presidential candidate unveils plans for power sector
- Deals for 11 wind power projects signed
- Norway picks wind power sceptic as oil minister amid Arctic drilling debate
- It's time to hit the off switch for solar, wind power tax breaks
- Rosatom Plans to Invest in Wind Power, Boost Energy Efficiency in Russia
- Vietnam’s rice sector forecast to face difficulties in 2020
Vietnam wind power sector to see growing opportunities: Fitch Solutions have 307 words, post on vietnamnet.vn at May 30, 2020. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.
