Illustrative image (Source: VNA) Hanoi (VNA) – Vietnam has set a target of raising renewable energy production from 58 billion kWh in 2015 to 101 billion kWh in 2020, 186 billion kWh in 2030, and 452 billion kWh in 2050. Under the renewable energy development strategy of Vietnam towards 2030 with a vision to 2050 that was approved by the Government in 2015, the country aims to increase the ratio of electricity from renewable sources from 35 percent of total electricity output in 2015 to 38 percent in 2020 and 43 percent in 2050. According to Nguyen Van Vy, Vice Chairman of the Vietnam Energy Association, Vietnam has abundant potential for renewable energy thanks to a long coastline and weather conditions favourable for the development of hydro, wind, solar, biomass, geothermal power and bio-fuel. Research shows that Vietnam can generate about 8,000MW of small-scale hydropower, 200MW of wind power, 3,000MW of biomass power, and 35,000MW of solar power in 2030. In the … [Read more...] about Vietnam owns abundant potential for renewable energy development
Renewable energy development
Việt Nam prioritises renewable energy development
Gareth Ward, British Ambassador to Việt Nam, gives a speech at a conference on low carbon energy in Hà Nội on Tuesday. - VNA/VNS Photo Đức DũngViet Nam News HÀ NỘI — The development of renewable energy to reduce the dependence on traditional sources of electricity in order to protect the environment and ensure sustainable development is a priority for Việt Nam. Deputy Minister of Industry and Trade Cao Quốc Hưng made the statement at a conference on low carbon energy held on March 12. Hưng said from now until 2030, Việt Nam’s economy was forecast to grow at a high rate of between 6.5 and 7.5 per cent per year. Thus, ensuring energy supply for sustainable economic development must be a top priority. According to the National Electricity Development Plan approved by the Government, the national power installation capacity would reach 130,000MW in 2030 compared to 47,000MW as currently. It meant that … [Read more...] about Việt Nam prioritises renewable energy development
Vietnam prioritises renewable energy development: Deputy Minister
Hung was speaking at an international conference themed “Vietnam: Towards a Low Carbon Energy Future Conference”, co-hosted by the British Embassy in Vietnam and Vietnam Energy Association (VEA) in Hanoi on March 12. According to Hung, projections indicate that, by 2030, Vietnam's economy will continue to grow at a high level from 6.5-7.5% per year and, as such, high priority must be given to ensuring the energy demand for national development in a sustainable way. The renewable energy development strategy for the 2015-2030 period, taking into account 2050, approved by the Government of Vietnam in September 2015, set specific targets, in which the amount of power produced from renewable energy sources will increase from 58 billion kWh in 2015 to 101 billion kWh by 2020, 186 billion kWh by 2030 and 452 billion kWh by 2050. In order to encourage the development of renewable energy, the Ministry of Industry and Trade has developed and submitted to the Government to issue a … [Read more...] about Vietnam prioritises renewable energy development: Deputy Minister
ASEAN, IRENA work to promote renewable energy development
At the signing ceremony (Source: VNA) Hanoi (VNA) – The Association of Southeast Asian Nations (ASEAN) and the International Renewable Energy Agency (IRENA) have signed a memorandum of understanding (MoU) aiming to support the ASEAN’s goal of raising the share of renewable energy to 23 percent of all energy sources by 2025. The MoU was officially inked on October 30 in the framework of Singapore’s International Energy Week. According to a press release from Singapore’s Ministry of Trade and Industry, the MoU worked alongside an action plan to outline key areas of collaboration between the two sides, promoting the development of renewable energy in ASEAN member nations. IRENA General Director Adnan Z. Amin said Southeast Asia is a dynamic and rapidly evolving region with strong economic growth, rising incomes, and growing populations – factors that will increase the regional demand for power. He noted that renewable energy will be the key to … [Read more...] about ASEAN, IRENA work to promote renewable energy development
Wind power price rise a positive sign for VN’s renewable energy development
Viet Nam News HÀ NỘI — Higher feed-in tariffs for wind power projects in Việt Nam will help push forward the completion of many projects and ensure they begin operation. The statement was made by Tobias Cossen, project director of the ‘Support to Up-Scaling of Wind Power in Việt Nam’ project under the German international development agency (GIZ)’s Energy Support Programme. On September 10, Việt Nam’s Government approved an amendment and revision of the wind tariff defined as per Decision No 37/2011/QĐ-TTg on the support mechanism for the development of wind power projects in Việt Nam. Under the revision, the feed-in tariff (FIT) will be increased from 7.8 to 8.5 US cents per kWh for onshore and 9.8 US cents per kWh for offshore wind power projects. GIZ applauded the Government’s adjustment, considering it a significant signal for all market actors to further invest in the wind power market in Việt … [Read more...] about Wind power price rise a positive sign for VN’s renewable energy development