With Vietnam becoming an attractive investment spot, many Indian companies have boosted investment in the country, photo: Le Toan Indian President Ram Nath Kovind will pay a state visit to Vietnam on November 18-20 during which time the two nations are expected to ink several partnership deals and a joint statement. Representatives of about 80 Indian firms will join the visit. Operating across many sectors, including energy, agriculture, healthcare, services, IT, tourism, and education, they will meet with Vietnamese partners to discuss business and investment co-operation plans at a Vietnam-India business forum in Hanoi. About 200-250 Vietnamese businesses will attend. It is expected that the leaders of the two countries will discuss specific proposals to boost bilateral co-operation in energy and a series of new sectors which will help reach their bilateral trade turnover target. Vietnam and India have pledged to explore new trade and investment opportunities of identified … [Read more...] about Indian state visit pushes countries to 2020 target
India renewable energy target
India’s Waaree Energies to set up 60-MW solar project in Vietnam
The Hanoitimes - Being developed in central Khanh Hoa province, the project has been approved by EVN (Vietnam Electricity), the country`s sole electricity distributor, for 60 MW and is expected to generate 106,000 MWh of electricity per year, once commissioned. Waaree energies, the flagship company of India's Waaree Group, said it has bagged a contract to set up a 60-MW ground mounted solar power project in Vietnam, Indian media reported. Illustrative photo. "With the Turnkey Engineering, Procurement and Construction contract, along with Operations and Maintenance, the project also marks Waaree Energies' expansion to South East Asia. Waaree Energies will be using its mono-crystalline panels for this project," the company said in a statement. Being developed in Khanh Hoa province, the project has been approved by EVN (Vietnam Electricity), the country's sole electricity distributor, for 60 MW and is expected to generate 106,000 MWh of electricity per year, once … [Read more...] about India’s Waaree Energies to set up 60-MW solar project in Vietnam
Financing a shift towards green energy
Nguy Thi Khanh Nguy Thi Khanh, executive director of Hanoi-based Vietnamese non-profit Green Innovation and Development Centre, writes about the challenges and opportunities for Vietnam in attracting further investment into these projects. With low-level greenhouse gas emissions, Vietnam has a great window of opportunity to leapfrog fossil fuel investments and experience a smooth transition to a low-carbon future that will benefit both the citizens and the country. A fair competition for fossil fuels and renewable energy generation needs to be developed in order to accelerate the potential of renewable energy in an economically efficient manner. A level playing field in the energy sector along with political will is required, to avoid locking the country in a fossil fuel structure that involves an increasing risk of stranded assets as well as higher energy dependency. Climate change, together with the required actions, can be seen as an opportunity to redirect Vietnam’s … [Read more...] about Financing a shift towards green energy
Workshop promotes cooperation in ensuring fair energy shift
Over 100 experts, researchers, and representatives from State agencies, research institutes, and domestic and international sci-technology organizations discussed and shared experience in researching and building strategies to implement fairness in Vietnam’s energy shift. At the workshop The concept of a “fair energy shift” is nothing alien to Europe and North America, however it is still relatively new in Asia and Vietnam in particular. The fair shift not only refers to the environmental impact, but must also include socio-economic changes to promote global energy mobility and effectively implement targets set in the Paris Agreement on Climate Change. Speaking at the event, Le Duy Tien from VUSTA said that developing clean energy sources and reducing plants using fossil fuels that pollute the environment is an irreversible trend in the world, including Vietnam. He stressed, however, that due attention has not been paid to ensuring fairness in the … [Read more...] about Workshop promotes cooperation in ensuring fair energy shift
Workshop promotes cooperation in ensuring just energy transition
At the workshop (Source:VNA) Hanoi (VNA) – An international workshop to promote cooperation in ensuring fairness in Vietnam’s energy transition towards more eco-friendly power was held by the Vietnam Union of Science and Technology Associations (VUSTA), the Friedrich-Ebert-Stiftung (FES) Vietnam Office, and the Green Innovation and Development Centre (GreenID) in Hanoi on September 18. Over 100 experts, researchers, and representatives from State agencies, research institutes, and domestic and international sci-technology organisations discussed and shared experience in researching and building strategies to implement fairness in Vietnam’s energy shift. The concept of a “just energy transition” is nothing alien to Europe and North America, however it is still relatively new in Asia and Vietnam in particular. The just transition not only refers to the environmental impact, but must also include socio-economic changes to promote global energy … [Read more...] about Workshop promotes cooperation in ensuring just energy transition