When evaluating the importance of energy in aquaculture, Mr. Nhu Van Can, representative of the Directorate of Fisheries under the Ministry of Agriculture and Rural Development, said that at the moment, the energy cost for raising prawn is around VND50 – 200 million per hectare per crop (around $2,196 – 8,785) depending on the investment scale. This accounts for 10 percent of the total expense cost. Therefore, according to Deputy Director of the Southern Power Corporation (EVN SPC) Nguyen Phuoc Duc, renewable energy is a very effective solution to reduce the pressure of energy lack. What is more, thanks to a surplus of sunshine and wind, aquaculture farms in the south-central areas are ideal places to install and make use of solar and windy energy in production. However, according to Mr. Tran Viet Ngai, Head of the Vietnam Energy Association, the renewable energy in Vietnam has great potential, but due to the poor exploitation, it becomes quite ineffective, especially for … [Read more...] about Renewable energy in Vietnam has great potential yet poor exploitation
Renewable energy
Power players eye renewable energy
Current power investors in Vietnam like CSG are resetting focus on renewable energy, photo Phuong Thu Malaysia’s Jaks Resources Bhd. and China Power Engineering Consulting Group Co., Ltd., that are building a 1,200 megawatt (MW), $1.87-billion coal-fired power plant in the northern province of Hai Duong, are seeking more power projects in other provinces in Vietnam, with a focus on the renewable energy segment. Renewable energy is still in its infancy in Vietnam, due to its high costs and weather conditions in certain areas that are not conducive to wind and solar power generation. “Aligning with our strategy, we will grow our power portfolio in Vietnam with a view to participating in the recent renewable energy drive in the country,” said Elaine Tai, general manager of Corporate Strategy at Jaks Resources. In a recent visit to the southern province of Binh Phuoc, Haris F. Abdullah, representative of Jaks Resources in Vietnam, said that the firm plans to invest in … [Read more...] about Power players eye renewable energy
Renewable energy: which option for Vietnam?
VietNamNet Bridge - Considered a country with great potential for solar and wind power, Vietnam continues to be one of the 12 ‘hotspots’ in the globe for coal-fired power development. Vietnam has great potentials to develop clean energy The global coal-fired power plant monitoring system’s updates on March 22 showed that the indicators in thermal power capacity, including the planning, construction and completion phases, continued declining significantly in 2017. It is expected that by 2022, the number of old plants to be shut down would be higher than the number of plants to become operational. This will be the beginning of the period of coal-fired power development decline. In India, the renewable power price has decreased by 50 percent in the last two years because of higher capacity. Because of financing problems, there is no electricity sale contract for 16 GW of coal-fired power, while 17 GW has been frozen at construction sites. RELATED NEWS … [Read more...] about Renewable energy: which option for Vietnam?
Renewable energy projects up in 10 months
An average of nine projects in power generation and distribution were registered every month since June 2017, according to the Vietnam Renewable Energy Report 2018. The report was released by the financial and business information corporation, Stoxplus. The registration of projects followed the Vietnamese government’s approval of the price of 9.35 US cents per kilo-watt hour Feed-in Tariff (FiT) for solar projects. According to Stoxplus, foreign and local investors are excited about renewable energy in Vietnam, which is expected to grow at 23.2 per cent annually during 2020-30. StoxPlus has identified 245 renewable energy projects in Vietnam at the moment, including wind and solar power as well as biomass electricity, which are being deployed at different stages. If all these projects begin operation, the total capacity of the country’s renewable energy should reach 23.2GW, which is nearly 10 times higher than the target of 2.65GW by 2020 as indicated in the Revised … [Read more...] about Renewable energy projects up in 10 months
Thai and Spanish investors to enliven renewable energy sector
The list of renewable energy projects registered by foreign investors in Vietnam has been lengthened by projects from Thai and Spanish investors. Siemens Gamesa to develop 39MW wind farm in Ninh Thuan Siemens Gamesa Renewable Energy (SGRE) from Spain continues to reinforce its presence in Vietnam via developing the second phase of its existing 39 megawatt Dam Nai wind farm, located in the south central province of Ninh Thuan. However, the investment capital of the second phase has yet to be published. According to the plan, the company will furnish the remaining 12 turbines for commissioning by October this year. Siemens Gamesa will also handle the management and maintenance of the facility for the next ten years. "We are committed to Vietnam as a market and we want to be our customers' preferred partner in developing wind power projects," highlighted Álvaro Bilbao, CEO of Siemens Gamesa in the Asia-Pacific. Previously, in April 2017, SGRE, in collaboration with TSV JSC and the … [Read more...] about Thai and Spanish investors to enliven renewable energy sector