Vietnam has a mass of untapped wind power potential up and down its long coast, Photo: Shutterstock The development in both wind and solar power demonstrates Vietnam’s efforts to meet the targets set in the Revised Power Development Master Plan VII to produce 10.7 per cent of its electricity from renewable sources by 2030, thanks to a big push for incentives. As an early bird in the wind power sector, Bui Van Thinh, chairman and CEO of Thuan Binh Wind Power JSC, brought Phase 1 of the Phu Lac wind plant in the south-central province of Binh Thuan into commercial operation and connected it to the national grid in 2016. He said the company is going to continue to develop another wind power project in the neighbouring province of Ninh Thuan this year. However, Thinh admitted that investing in solar power offered more benefits than wind, because of the regulated feed-in tariff (FiT) of 9.35 cents per kWh for solar power. The company also plans to … [Read more...] about Maximising the wind revolution in energy sector
Renewable energy sources act
Energy sustainability remains controversial
Coal-fired power has been considered a key source in helping energy security (Photo: Hong Quang) Some US$140-150 billion is needed to expand the country’s current power system as mapped out in the national power development plan by 2030, according to Le Van Luc, deputy head of the Electricity and Renewable Energy Authority under the Ministry of Industry and Trade (MoIT). The government has given the green light to private investors to set about improving power output, sources, and transmission following changes to a number of rules and regulations in the hope of mobilizing capital for power development. Coal-fired power currently makes up 37-38% of the country’s total power output and acts as a key source in helping energy security. This figure is projected to rise to 49.3% by 2020 and 53.2% by 2030 under the revised Power Development Plan VII (PDP VII). Thermal power plants have emerged as a second efficient source … [Read more...] about Energy sustainability remains controversial
Norway willing to share experience in clean energy development with Hanoi
Chairman of Hanoi People’s Committee Nguyen Duc Chung (R) welcomes Norwegian Ambassador to Vietnam Grete Lochen (Source: hanoimoi.com.vn) Hanoi (VNA) – Norway is willing to share its experience in boosting the use of clean and renewable energies with Vietnam, particularly Hanoi capital city, Norwegian Ambassador to Vietnam Grete Lochen affirmed when being received by Chairman of the municipal People’s Committee Nguyen Duc Chung on December 6. She told the host that an important goal of the Norwegian government is to develop a “blue economy” with numerous policies and programmes protecting maritime resources. Norway and Vietnam can cooperate in blue economy development and aquaculture, she suggested. The diplomat vowed to do her utmost to promote the relationship between Norway and Vietnam, as well as Hanoi and Norwegian localities. Chung said Hanoi borders no sea, but has a lot of lakes and rivers. Therefore, the city wants to learn from … [Read more...] about Norway willing to share experience in clean energy development with Hanoi
Vietnam takes full turn to renewables by 2050
Vietnam is one of 48 countries targeting 100 per cent renewable energy by the year 2050 , Photo: Shutterstock Vietnam has a remarkable development record over the past 30 years, with an annual average growth of over 6 per cent over the past two decades. With a strong economy performing well, GDP is estimated to have increased by 7.1 per cent (year-on-year) in the first half of 2018. Dao Xuan Lai, UNDP assistant country director and team leader of Climate Change and Environment The government is pushing for productivity growth in order to achieve sustainable economic development and also meet commitments made on climate change to the global community. In fuelling this economic growth, Vietnam has utilised substantial reserves of fossil fuels and hydro resources. The country’s power capacity, which is a combination of hydro and fossil fuel plants, has expanded significantly in recent years due to heavy government investment, with a large portion of the investment going … [Read more...] about Vietnam takes full turn to renewables by 2050
GE’s ultra-supercritical technology transforms Malaysian energy scene
Powering on: unfathomable depths under the surface If you live in a place where the lights turn on with a flip of a switch, you might take electricity for granted. You might not think much of the technology, systems, networks, and government bodies that make power, and specifically electricity, possible. However, there is a great deal going on behind the light switch that you should be aware of because electricity is fundamental to modern life, it keeps us safe and healthy and helps economies around the world grow. As the World Bank reminds us, “Energy is inextricably linked to every other sustainable development challenge.” But today, there are still more than 1 billion people around the world who do not have access to electricity, and even more who do not have access to reliable electricity. As organisations and governments work together to improve access to electricity, the way we produce electricity is shifting. The fact is that the rapidly decreasing cost of renewable … [Read more...] about GE’s ultra-supercritical technology transforms Malaysian energy scene