Energy sector

A solar power plant in Gia Lai Province. Foreign enterprises and investment funds have a growing interest in the solar energy sector in Viet Nam. - VNS Photo It was built at a cost of over VND9.1 trillion (US$384 million). Japan’s Fujiwara company had earlier built a 50MWp solar farm in Binh Dinh Province at a cost of VND1.3 trillion ($55.9 million). Many Indian companies have invested in the Vietnamese solar energy sector, including Shapoorji Pallonji Infrastructure Capital Company Ltd. and Adani Group, and many others have evinced interest in green energy projects in this country. Dr. K. Srikar Reddy, the consul general of India in HCM City, said: “Many Indian companies have submitted proposals for developing solar plants in many provinces in Viet Nam like Ninh Thuan, Binh Thuan, Binh Phuoc, Phu Yen, Ben Tre, Soc Trang, Gia Lai, Lam Dong, and Kon Tum. “Moreover, many Indian companies specialising in EPC (engineering, procurement & construction) work are … [Read more...] about VN solar energy sector a magnet for foreign companies, funds

At the signing ceremony (Photo: VNA) Washington (VNA) – Vietnam and the US have set up a comprehensive energy cooperation partnership under a memorandum of understanding (MoU) signed in Washington on September 30. The document was inked by representatives of the Vietnamese Ministry of Industry and Trade (MoIT) and the US Department of State during a working trip to the US from September 30 to October 2 by a MoIT delegation. The MoU is an important milestone in energy collaboration between the two countries, opening up a new page of more intensive and comprehensive cooperation. The document covers various cooperation areas in the energy sector, ranging from energy security, energy market development and energy transformation to relevant regulations and policies, energy management and energy technology and infrastructure, including the role of public-private cooperation. It establishes a clear collaboration framework and mechanism, thus facilitating specific partnerships … [Read more...] about Vietnam, US establish comprehensive energy cooperation partnership

Vietnam’s first private grid-connected solar farm in Thua Thien Hue Province’s Phong Dien District is expected to help the country meet growing demand for electricity - Photo: Dominic Chavez/IFC This is the site of Vietnam’s first private grid-connected solar farm, the Phong Dien solar power plant, developed by the Gia Lai Electricity Joint Stock Company (GEC) with IFC’s support. The 35 megawatt (MW) plant generates about 60 million kilowatt hours, enough to power about 35,000 homes a year. “The sunshine strength is very good in this area,” says Nguyen Van Thien, chief engineer for the TTC Phong Dien solar power plant. “That’s why this plant was established in the central region of Vietnam. In summer the plant reaches 35 megawatts when the sun is hottest from 9am to 2pm.” The solar plant was built in just eight months and under budget, and it came at a significant time for Vietnam. The country, which has long relied heavily on … [Read more...] about How solar panels are brightening Vietnam’s energy future

The 2018 Vietnam Renewable Energy Summit opened in the central coastal city of Nha Trang yesterday. The three-day event, a match-making platform for key stakeholders in the renewable energy sector, has brought together some 30 local investors, including TTC Energy, KN Group, Phú Cường, Ocean Group and Hado Group and international developers and investors like Tata Power, Mainstream and Blue Circle. Also taking part are subsidiaries of the State-owned Electricity of Vietnam like the National Load Dispatch Centre, Power Engineering Consulting Joint Stock Company No 3, and Thuận Bình Wind Power Joint Stock Company. There are several conferences, workshops, exhibitions and match-making forums, and industry players will share their knowledge and widen business contacts. VRES 2018 has topical sessions to discuss market intelligence and connect key investors with approved renewable projects that are looking for investment. Promotion of renewable energy The … [Read more...] about National renewable energy summit opens in Nha Trang

The wind energy segment places an even higher priority on digitalisation than the rest of the energy industry This is the key finding of the report Digitalisation and the Future of the Wind Energy Industry published yesterday by DNV GL, a global quality assurance and risk management company operating in more than 100 countries. Based on a survey of almost 2,000 engineers and senior executives from across the energy sector, the report assesses the current progress of digitalisation and identifies the top priorities for and barriers to further growth. The wind industry is widely expected to become an ever-greater contributor to the world’s future energy mix. DNV GL’s Energy Transition Outlook report forecasts a 15-fold escalation in wind-powered generation from 1.1PWh in 2018 to 17PWh in 2050. In terms of installed electricity generation capacity, the amount of wind energy will increase more than eight times by 2050 to 5TW globally. Digital technologies have been one of … [Read more...] about Digitalisation drives efficiency and decision making in wind energy