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
Potential for solar energy
Solar energy: Heavy discounts for electricity bills
Many people in Ho Chi Minh City are paying very little for their monthly electricity bills in recent times. What is more, they were even able to earn money by selling electricity back to the State. How is this possible? There have been 1,600 households and enterprises installing solar energy systems in Ho Chi Minh City. Over one-third of those have contributed 2 million kW into the national grid. Vietnam, and Ho Chi Mịnh City in particular, hold huge potential for solar energy development. According to experts, the southern hub has only exploited 40 percent of the potential. –VNA … [Read more...] about Solar energy: Heavy discounts for electricity bills
More comprehensive solutions needed for solar energy development
Workers install solar panels in the central province of Quảng Ngãi. — VNA/VNS Photo Sỹ Thắng HÀ NỘI — Rising concerns about the environment and livelihoods are setting barriers to developing solar energy in Việt Nam, experts stressed yesterday. They were speaking at a conference entitled “Solar energy Việt Nam: grid integration challenges and opportunities” hosted by the National University of Civil Engineering Việt Nam (NUCE) and the KU Leuven Belgium, with the support of the Embassy of Belgium in Hà Nội. Solar energy harvesting, especially through the Photovoltaic system, has witnessed a boom in recent years. The Government’s decision No 11 released in 2017, has created good conditions to accelerate the industry. Since then, Việt Nam has attracted 20GW of large-scale developments, which makes the country the regional leader in solar energy. “Việt Nam is … [Read more...] about More comprehensive solutions needed for solar energy development
Central Highlands tap solar energy potential
Trucks and machines rumble at a construction site in Krong Pa district, Gia Lai province. Tran Thanh Bao, Vice Manager of the Krong Pa Solar Power Project, said that the power plant with a designed capacity of 49MW will be inaugurated later this month after eight months of construction. It is expected to generate more than 100 million KWh per year. Mr. Bao said, “We chose Krong Pa as the site of the solar project because it has many hours of sunlight. The local authorities are very supportive of the project.” Ta Chi Khanh, Vice Chairman of the Krong Pa district People’s Committee said the region is unfavorable for cultivation because the soil is exhausted, but there’s plenty of sunshine – at least 2,600 hours per year with temperatures ranging from 25 to 40 degrees C. He said,“17 investors have scouted 19 locations for solar energy projects. If realized, this great potential will contribute to national renewable energy development and help … [Read more...] about Central Highlands tap solar energy potential
Government not to extend deadline for solar power pricing incentives
Under the Prime Minister’s Decision No.11/2017/QD-TTg, solar power installations that reach their commercial operation date (COD) by June 30, 2019, are entitled to a feed-in tariff (FIT) of 9.35 cents per kilowatt-hour for a period of 20 years. Investors had had their hopes up after, on June 20, Deputy Prime Minister Vuong Dinh Hue reportedly had agreed in principle at a meeting with the Ministry of Industry and Trade (MoIT) that the effective date for projects in Ninh Thuan would be extended to the end of 2020. Ninh Thuan and Binh Thuan are central provinces that have the greatest potential for renewable energy in the country. Investors were hopeful that the decision for extension would first be issued for Ninh Thuan projects in July and extended nationwide later this year. In early July the Ministry of Planning and Investment (MPI), in coordination with MoIT, recommended the COD extension to the government. But the hopes have now been dashed with the Government Office issuing … [Read more...] about Government not to extend deadline for solar power pricing incentives