With hydropower and fossil fuel potential nearing exhaustion, the development of wind and solar energy is becoming a necessity.-Photo zing.vn The coastal province of Ninh Thuan in south central Việt Nam, blessed with abundant sunshine and wind, is aspiring to become the country’s centre of renewable energy and realise its ambitions via robust development policies. Investment attraction According to the province’s green energy plan, by 2030, Ninh Thuan would draw in wind and solar energy projects with installed capacity of nearly 1,500MW and 3,900MW, respectively. Currently, there are 15 wind energy projects in Ninh Thuan that have got the seal of approval from the Government and the Ministry of Industry and Trade (MoIT), 12 of which have received investment certificates for a total capacity of 750MW and capital of VND25.6 trillion. Regarding solar energy, 25 projects have been approved, 18 of which have received investment certificates for total capacity of 999MW and registered investment of VNĐ28 trillion. In a bid to attract more renewable energy projects, provincial authorities have been offering unstinting policies for investors, which usually hit the ‘ceiling level’ of incentives allowed by the Government to facilitate the completion of projects. Specifically, renewable energy investors would enjoy a… Read full this story
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