Renewable energy sources act

EVN said that until now, it has been able to ensure production for 113 renewable plants in the country by building or upgrading 21 transmission lines since the second quarter last year, when 90 new solar power projects began operations and overloaded the national grid. … [Read more...] about Vietnam faces transmission conundrum for renewable energy

HCM City (VNS/VNA) - National electricity demand is expected to increase by 8.5 percent a year until 2025 and 7 percent until 2030, making Vietnam an attractive market for foreign energy investors. The economy is expected to grow at 6.5-7.5 percent annually until 2030, and would require 90,000MW of power by 2025 and 130,000MW by 2030. At the 2020 Vietnam Energy Summit in July in Hanoi a number of deals for investment in energy projects were signed, including the memorandum of understanding by the Copenhagen Infrastructure Partners, Asiapetro and Novasia Energy with the Binh Thuan Provincial People’s Committee to develop the 3.5GW La Gan offshore wind power project at a cost of 10 billion USD. Many investors said Resolution No 55-NQ/TW for strategic orientations for national energy development through 2030 has created a favourable environment to invest in the country’s power sector. The resolution prioritises renewable and clean energy, offering foreign … [Read more...] about Vietnam’s energy sector a magnet for foreign investors

AES had a foundational role in the creation and growth of the energy storage market through Fluence, its joint venture with Siemens. Fluence is today the largest grid-scale battery energy storage solutions company in the world. AES is also collaborating with Uplight, the leading digital customer energy platform in the US. AES' strategic collaborations with and investments in these companies have helped them all to accelerate the future of energy. … [Read more...] about AES and 5B accelerating transition to solar energy

At the 2020 Viet Nam Energy Summit in July in Ha Noi a number of deals for investment in energy projects were signed, including the memorandum of understanding by the Copenhagen Infrastructure Partners, Asiapetro and Novasia Energy with the Binh Thuan Province People’s Committee to develop the 3.5GW La Gan offshore wind power project at a cost of US$10 billion. … [Read more...] about VN energy sector a magnet for foreign investors

Hoang Tien Dung, director of the Electricity and Renewable Energy Authority, said: “Existing regulations allow the [sale] of projects to eligible foreign investors. Transferring projects and changing shareholders need approval from the Ministry of Planning and Investment or the Department of Planning and Investment depending on scale." … [Read more...] about Vietnam’s energy sector a magnet for foreign investors