Viet Nam News HCM CITY — New preferential policies have encouraged both local and international firms to invest in renewable energy, according to authorities. Despite the Government’s determination to develop wind and solar power as well as biomass electricity, many renewable energy projects have lagged behind schedule due to inefficient planning and lack of vision. Although wind power projects in Bình Thuận Province, Ninh Thuận Province and several provinces of the Mekong Delta, including Cà Mau and Bạc Liêu, for example, have received significant amounts of money, they have been abandoned for over 10 years. However, with efficient policies from authorities, some of these projects have officially restarted, and clean energy has actually been generated. The Prime Minster has recently approved 15 wind power projects in Ninh Thuận Province, 12 of which have total registered capital of about VNĐ27.5 trillion (US$1.2 … [Read more...] about Policies encourage renewable energy development
Renewable energy news
Viet Nam News Prime Minister Nguyễn Xuân Phúc speaks to Reuters News Agency about how Việt Nam benefits from and contributes to international exchange at multilateral forums on the occasion of the G7 outreach meeting in Quebec City, Canada. Prime Minister Trudeau has invited you to attend the G7 Summit in Canada this June. One of the themes there is climate change, oceans and clean energy. Since the international investment community sees Việt Nam as one of the best places for growth in terms of renewables, can you tell us how Việt Nam aims to enable and support the development of and investment in clean energy and renewables? For example, Việt Nam has large rare earth reserves. Could those be used to manufacture batteries that would back up solar energy production in Việt Nam, and does Việt Nam therefore have a plan to explore and extract these rare earth reserves? Việt Nam is blessed with immense potential for clean … [Read more...] about PM discusses renewable energy in Việt Nam ahead of G7
Prime Minister Nguyen Xuan Phuc (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has highlighted Vietnam’s position for clean renewable development, affirming the country is well positioned to strongly develop renewable energy and gradually reduce the use of fossil fuels. The PM made the statement during an interview granted to Reuters News Agency on the occasion of the G7 Outreach Summit in Quebec city, Canada. Following is the full text of the interview. Correspondent: Prime Minister Trudeau has invited you to attend the G7 Summit in Canada this June, one of the themes of which is climate change, oceans and clean energy. Since the international investment community sees Vietnam as one of the best growth areas in terms of renewables, please can you tell us how Vietnam aims to enable and support the development of and investment in clean energy and renewables? For example, Vietnam has large rare earth reserves. Could those be used to manufacture batteries … [Read more...] about Prime Minister highlights Vietnam’s potential for clean renewable energy development
Viet Nam News HÀ NỘI — Việt Nam can meet its future energy demand while still complying with the Paris Agreement if 30GW of coal power, equivalent to 25 coal-fired power plants, is replaced by renewable energy sources. The suggestion was the conclusion of a research project titled “Analysis of future generation capacity scenarios for Việt Nam” released under the framework of the workshop “Energy development in the link with environmental protection for sustainable development in Việt Nam.” The event was co-hosted by the Green Innovation and Development Centre (GreenID) and the Việt Nam Union of Science and Technology Associations (VUSTA) on June 5. The research presents five scenarios, studying how the country can reach its increasing energy demand, while considering external costs of energy production such as air pollution and carbon emissions. By following the recommended blueprint, Việt Nam can … [Read more...] about NGOs recommend fostering 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?