At the signing ceremony (Photo: VNA) Washington (VNA) – Vietnam and the US have set up a comprehensive energy cooperation partnership under a memorandum of understanding (MoU) signed in Washington on September 30. The document was inked by representatives of the Vietnamese Ministry of Industry and Trade (MoIT) and the US Department of State during a working trip to the US from September 30 to October 2 by a MoIT delegation. The MoU is an important milestone in energy collaboration between the two countries, opening up a new page of more intensive and comprehensive cooperation. The document covers various cooperation areas in the energy sector, ranging from energy security, energy market development and energy transformation to relevant regulations and policies, energy management and energy technology and infrastructure, including the role of public-private cooperation. It establishes a clear collaboration framework and mechanism, thus facilitating specific partnerships … [Read more...] about Vietnam, US establish comprehensive energy cooperation partnership
Future energy technology
The wind energy segment places an even higher priority on digitalisation than the rest of the energy industry This is the key finding of the report Digitalisation and the Future of the Wind Energy Industry published yesterday by DNV GL, a global quality assurance and risk management company operating in more than 100 countries. Based on a survey of almost 2,000 engineers and senior executives from across the energy sector, the report assesses the current progress of digitalisation and identifies the top priorities for and barriers to further growth. The wind industry is widely expected to become an ever-greater contributor to the world’s future energy mix. DNV GL’s Energy Transition Outlook report forecasts a 15-fold escalation in wind-powered generation from 1.1PWh in 2018 to 17PWh in 2050. In terms of installed electricity generation capacity, the amount of wind energy will increase more than eight times by 2050 to 5TW globally. Digital technologies have been one of … [Read more...] about Digitalisation drives efficiency and decision making in wind energy
Work on a waste-to-energy (WTE) plant, worth US$215 million, began in the outlying district of Cu Chi on October 16 as the second of its kind in HCMC, allowing the city to address both the waste problem and the demand for energy simultaneously. HCMC Chairman Nguyen Thanh Phong (C) and other officials join the groundbreaking ceremony of the city’s second waste-to-energy plant – PHOTO: VNA Tam Sinh Nghia Investment and Development JSC started construction on the eight-hectare Tam Sinh Nghia WTE plant at the Tay Bac solid waste treatment complex in Cu Chi. The plant, which is expected to be completed within a year and a half, will have a daily processing capacity of 2,000 tons of waste and generate 40 megawatts of electricity. In the second phase, the plant will treat an additional 3,000 tons of waste daily, covering a total area of 20 hectares. The company’s chairman and general director, Ngo Xuan Tiec, was cited by the Vietnam News Agency as saying that the … [Read more...] about HCM City builds second waste-to-energy plant worth $215mil.
Kent Logsdon, Principal Deputy Assistant Secretary, Bureau of Energy Resources, US Department of State. The US government has been providing strong support for American companies to increase engagement in Vietnam’s energy market which is projected to continue delivering strong growth in the next decades Vietnam is a dynamic economy that is part of the Asian growth in next 20 years and sees increasing demand for energy while American companies, with new competitive edges, can fulfil the Southeast Asian country’s energy needs, Kent Logsdon, Principal Deputy Assistant Secretary, Bureau of Energy Resources, US Department of State, told Hanoitimes in a recent interview. “Vietnam is one of a number of countries that want to talk to us on how we can work on legislation, regulations that will make it better for international companies, including US companies, to come into the market,” Logsdon said, adding that he found great willingness from the … [Read more...] about US aids its energy companies to boost engagement with Vietnam
A corner of Sao Mai Solar PV1 plant in the southern province of An Giang,- VNA/VNS Photo Cong Mao The current FiT of 9.35 US cents per kWh has been applied for all kinds of solar technologies, including floating solar power projects, ground-mounted solar power projects and rooftop solar power projects, under the FiT programme between June 1, 2017 and June 30, 2019, in which the investors enjoy price incentives for 20 years. In a draft decision by the Ministry of Industry and Trade (MoIT) recently submitted to Prime Minister Nguyen Xuan Phuc for consideration, the FiT will change for different types of technology as of this year. The ministry proposed to reduce the buying price to 7.69 cents per kWh for floating solar power projects and 7.09 cents for ground-mounted solar power projects. Meanwhile, the rate of 9.35 US cents will be maintained for rooftop solar power projects. Speaking with local media at the Energy Week 2019 which took place in Ha Noi on Tuesday, Deputy Director of … [Read more...] about New FiT rate to promote investment in solar energy