Viet Nam News HCM City – Investors in solar energy projects are racing to begin operations before June 30, 2019, to qualify for incentives offered by the Government. Opportunities to invest in the solar energy sector have become abundant after Prime Minister Nguyễn Xuân Phúc issued a decision to encourage the development of the sector last year. Under Decision 11/2017/QĐ-TTg, which took effect in June last year, power generated by solar projects will be paid 9.3 cents/kWh (VNĐ2,086) for 20 years, a profitable rate for investors. The price could change for operators going on stream after June 30 next year.Similarly, investors signing power selling contracts with the Việt Nam Electricity Corporation until that date will be eligible for various incentives related to land, capital and import and corporate taxes. According to the Ministry of Industry and Trade’s electricity and renewable energy department, as of the end of last June 100 major … [Read more...] about Solar energy investors racing for incentives
Energy
Wood pellets to become future clean energy
Wood pellets are getting a lot of headlines and touted as the future of clean energy business. Made from an ever-abundant source of sawdust and forest debris, they are compressed into little pills. Its production and use also brings additional environmental and social benefits. Biomass fuel is now reigning the clean energy scene for its versatility and easy to make. Wood shavings, tree tops and branches and other discarded wood chips are compressed and pressed to create the desired shape. To catch up with the growing demand, Bao Chau wood processing company is now running at full speed to produce wood pellets to satisfy vibrant markets such as Republic of Korea, Japan. Recently, the company has received more than 2.2 million USD in terms of investment to increase the production to 30,000 tons per year. Production of wood pallets requires replantation of forests; therefore it is a sustainable practice in both protecting the environment and enhance the economic stability of the … [Read more...] about Wood pellets to become future clean energy
StoxPlus: Six key takeaways from Vietnam renewable energy conference
The panel discussion at StoxPlus and Eurocham's conference on renewable energy The conference themed "Challenges and Practical Solutions" in Ho Chi Minh City, lured more than 130 participants from various backgrounds, including energy companies, banks, investment funds, insurance, as well as consulting and law firms. The platform provided a forum to share insights on the current market landscape and project implementation, with contributions from the policy maker represented by the Electricity and Renewable Energy Authority (EREA) of the Ministry of Industry and Trade, and international and domestic market players, including institutional investor International Finance Corporation (of the World Bank Group), premier law firm VILAF, and experienced developer of renewable energy projects Bamboo Capital (BCG). Below are the key takeaways from the presentations and the panel discussion. First was to update on the progress of renewable energy (RE) projects, FiT changes, and PPA … [Read more...] about StoxPlus: Six key takeaways from Vietnam renewable energy conference
Thai investors jump into renewable energy sector in Vietnam
In addition to the retail, beer manufacturing, and plastic sector, Thai investors have increased their investment in the renewable energy sector, with the aim to diversify their operations in Vietnam. Thai investors are behind some of the largest recent deal in renewable energy Most recently, B. Grimm Power Plc., through its subsidiary B Grimm Renewable Power 2 Ltd., has completed the $35.2 million acquisition of its solar photovoltaic power project in Vietnam as part of the expansion of its portfolio of overseas renewable power projects. Notably, B. Grimm bought an 80 per cent stake in Phu Yen TTP JSC, the project company investing and developing a 257MW PV scheme in the south central coastal province of Phu Yen. The remaining part of the project will be developed by Truong Thanh Vietnam Group JSC (TTVN). The above deal is part of SET-listed B. Grimm's rapid expansion of power generation equity in Thailand and overseas. At the same time, TTVN Group completed the sale of 80 … [Read more...] about Thai investors jump into renewable energy sector in Vietnam
Energy efficiency should be compulsory: Experts
(VEN) - World Bank specialists have suggested that Vietnam make energy efficiency compulsory, while the Ministry of Industry and Trade has formulated a national program on energy efficiency and conservation for the 2019-2030 period. Energy efficiency must be made part of training programs Positive changes Nguyen Thi Lam Giang, Deputy Director of the Ministry of Industry and Trade’s Department of Energy Efficiency, said that following the government’s instruction, the ministry has monitored and implemented sufficient energy supply for the country’s development. At the same time, it has effectively executed the 2006-2015 national program on electrical energy efficiency and conservation in accordance with Prime Ministerial Decision 79/2006/QD-TTg. The ministry has worked to promote energy efficiency by raising community awareness, making energy efficiency part of training programs, and facilitating application of energy efficiency solutions in industry, … [Read more...] about Energy efficiency should be compulsory: Experts