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 contracts
Vietnam should develop renewable energy to lessen import dependenceLan Nhi HANOI – Vietnam officially turned from a net exporter of energy into an importer in 2015 with buying 3% of energy demand from outside sources, said Nguyen Van Vy from the Vietnam Energy Association. Speaking at a seminar on small hydropower project and renewable energy development in Hanoi yesterday, Vy said the imported energy as a percentage of domestic demand is forecast to increase to 24% or even 44% in 2030 if renewable energy projects are not developed. Deputy Minister of Industry and Trade Hoang Quoc Vuong noted that the potential of hydropower as a primary source of renewable energy has been nearly fully tapped. The sector targets to reach a total hydropower capacity of 21,600 MW by 2020, 24,600 MW by 2025 and 27,800 MW by 2030. However, most of rivers and streams have currently been exploited to build 824 hydropower plants with a combined capacity of 24,778 MW, meeting 95.3% of the … [Read more...] about Vietnam should develop renewable energy to lessen import dependence
(CPV) - ADB's headquarters in Manila is now meeting all of its energy needs from renewable sources, following a geothermal power supply agreement with AdventEnergy Inc., a licensed retail electricity supplier of Aboitiz Power. The headquarters is now powered by 100% renewable energy generated by geothermal plants in Tiwi in Albay province and Makiling-Banahaw in Laguna province, both of which are on the main Philippine island of Luzon, in addition to existing on-site solar power generation. "As an institution we are strongly committed to expanding the use of renewable energy across Asia and the Pacific, so it is only fitting that we walk the talk in our own headquarters," said ADB Vice President Bruce Davis at a ceremony in ADB headquarters. "This agreement will allow us to cut our annual corporate carbon footprint by nearly 50%, with an emission reduction of more than 9,500 tons of CO2 equivalent." The supply contract with AdventEnergy will see ADB purchase an average of 1.5 … [Read more...] about ADB headquarters switches to 100% renewable energy
Renewable Energy: Waiting To Take Off By Phi Tuan Renewable energy will inevitably be theworld’s energy of choice as other energy sources are depleting. The energy accounts for slightly more than 1% of all energy consumption in Vietnam and is still in its infancy. The largest wind turbine in HCM City is being run by Tuan An Group in Binh Tan District that specializes in energy equipment. The VND2-billion turbine, with the daily capacity of 70kWh, or annual capacity of 18,980kWh, is able to meet 30% of the energy needs of the office building of the group. Yet the project seems to be more of a marketing display than for practical purposes. Another energy equipment supplier, Kim Dinh Company in Hanoi, occasionally receives installation contracts for public lighting using wind and solar power sources, but the company’s main products are still the LED energy-saving bulbs. Solar energy is also lagging behind in Vietnam. Mat Troi Do Energy Company, a solar battery manufacturer, … [Read more...] about Renewable Energy: Waiting To Take Off
While the demand for energy is rising dramatically in Vietnam, development of renewable energy is still in its infancy and faces big obstacles. Investors dismayed as EVN turns its back on wind and solar power Wind power industry in Vietnam According to the Ministry of Planning and Investment, VietnamÃ¢ÂÂs demand for primary energy rose by 2.56 times from 1989 to 2008. Electricity demand rose 10.7 times. Virtually all was produced from traditional energy sources like coal, oil, natural gas and hydropower. Foreseeing a day when demand outstrips existing resources, the Government is turning its attention, at last, to renewable energy sources like wind and solar power, and to more efficient consumption, reports the HCM City journal Thanh Nien. "The state encourages the development and use of new and renewable energy resources through assisting projects to research, manufacturing and building models of new and renewable energies; exempting taxes for the import, manufacture and … [Read more...] about Renewable energy’s difficult birth