The Hanoitimes - Today`s renewable energy technology is more reliable and cheaper than fossil fuels, especially when considering important aspects such as climate change, environmental and health protection. Many events related to renewable energy have been held in Vietnam to find solutions to promote renewable energy and raise public awareness of the benefits of renewable energy as the country is seeking alternative energy sources and fighting environmental pollution. On August 21, the Vietnam Sustainable Energy Alliance (VSEA) and the Climate Change Working Group (CCWG) opened the Vietnam Renewable Energy Week 2018. This event kicked off a series of activities that will take place from August 21 to 26 in three major cities namely Hanoi, Ho Chi Minh City and Can Tho. The opening ceremony of the Vietnam Renewable Energy Week 2018 The goal of the Vietnam Renewable Energy Week 2018 is to create a forum for related partners to promote renewable energy, raise public … [Read more...] about Many events to take place around Vietnam Renewable Energy Week 2018
Renewable energy contracts
Vietnam is far away from realizing its short and medium term wind power goals, with no ready solution in sight to several impediments, experts say. They said at a recent conference on wind energy development in Vietnam that high interest rates, low selling prices and inadequate power purchase agreements from the investors’ point of view were major stumbling blocks to realizing set targets. Vietnam plans to produce 800 megawatts of wind energy by 2020 and 6,000 megawatts by 2030. However, the country has just 7 functioning wind energy projects with a total capacity of 190 megawatts, noted Nguyen Van Thanh from the Ministry of Industry and Trade. Tran Vinh Thong, technical officer for wind energy firm Thuan Binh, which is currently investing in the Phu Lac wind energy project in southern Binh Thuan Province, said the project’s initial cost was VND1.1 trillion ($49 million) and it generated an annual revenue of about VND100 billion, of which VND70-80 billion goes for just … [Read more...] about Vietnam’s renewable energy yet to get wind in its sails
The renewable energy sector and environmental projects continue to attract foreign capital investment, with many projects substantial in size and affirmed for implementation. Envision and Hitachi Zosen both see great potential in the Vietnamese renewable energy sector Envision affirms putting $660 million into wind power project Speaking with VIR, Ta An Quang, director of Envision Corporation’s projects in Vietnam, indicated that the company is planning to put $660 million into a wind power project in Vietnam. According to the plan, the project will be based in Soc Trang province. It will be built on an area of 9.2 hectares and have a capacity of 300MW. “Although Soc Trang has great potential to develop wind power projects, there has never been a project like this in operation,” said Quang. In addition, a representative of Envision declared that Soc Trang is not the only location in Vietnam with the potential for wind power—many other … [Read more...] about Envision and Hitachi Zosen enter Vietnamese renewable energy sector
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
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?