Solar power

An offshore wind power project in Tra Vinh province. (Photo: VNA) Hanoi (VNA ) – The Ministry of Industry and Trade (MoIT) has been told to finalise the National Power Development Plan VIII (PDP VIII) for 2021-2030 with a vision to 2045, focusing on reducing coal power plants. The ministry should continue to work with investors on the implementation of coal-fired power projects which are facing obstacles in terms of capital to decide whether continuing coal power projects under current conditions or adopting other options. solar power projects that have been planned and approved but have not yet been put into operation with a total capacity of about 2,428 MW because a delay could encounter legal risk and compensation for investors. VNA … [Read more...] about Vietnam to cut gas power capacity in electricity development plan

Solar batteries in Gio Thanh 1 Solar Farm in Quang Tri Province. — VNA/VNS Photo Nguyen Ly Vietnam Electricity (EVN) has just sent a response related to the mechanism for transitional wind and solar power projects, in which it is proposed not to assign them to price negotiations, power purchase and sale contracts. EVN also said the "revision" of contracts must be based on the law. Responding to the Ministry of Industry and Trade (MoIT) regarding the mechanism for future wind power and solar power projects, EVN has said that it is "not feasible". Specifically, from the experience of negotiating traditional energy projects under the guidance of the MoIT, EVN believes that the above proposal was not feasible in the conditions in Viet Nam. It said: “The time will be long and the transition projects have been invested in many different stages and implemented with a price bracket that cannot be retroactively negotiated in the previous years.” EVN believes that determining the … [Read more...] about EVN refuses to accept electricity price negotiations for renewable power projects

An MoU on cooperation in research and development of biomass power generation and fuel production in Vietnam was signed last week between Japan Electric Development Co., Ltd. and Vietnam Forestry Corporation. It mainly attracts the interest of foreign energy developers, especially from Japan. Cooperating with the largest state-owned forestry company in Vietnam which manages about 43,000 hectares of forest, the Japanese company aims to expand its biomass electricity business in Vietnam. At the same time, it participates in the biomass-based fuel supply chain, thereby accumulating knowledge and experience in the sustainable use of this fuel source. Current exploitation of biomass energy remains quite low in Vietnam, Le Toan In Vietnam, a long-term investment plan is also being implemented by Japan’s Erex Group. The group’s president Honna Hitoshi visited Vietnam in March, working with several stakeholders on the plan to develop around 1,500MW of biomass power by 2035. … [Read more...] about Biomass boost to fuel power evolution

The northern province of Lang Son attracted both foreign and local investors showing interest in building wind power projects. Most said Lang Son would be the most suitable area in the northern provinces, especially in districts like Loc Binh, Dinh Lap, Van Lang, and Binh Gia. Local authorities may have to strengthen regulations so developers are not at odds over wind surveys. Photo: Le Toan GE proposed Lang Son People's Committee to allow the survey of two wind power projects with a total capacity of up to 418MW and approval to build two wind measuring towers in Chi Lang district for the 165MW Chi Lang project, as stated in a local authorities’ document in May. According to the document, duplicate surveys could cause legal consequences among investors. “As far as we know, other provinces in the country do not allow duplicate research between projects,” the document noted. The document came as TRE JSC intended to carry out a wind measurement survey for which GE was … [Read more...] about Survey overlap potential irks wind power developers

Xuan Thien Group is one of the main renewable energy developers in Vietnam and its two solar PV projects total 255 MWp under a 20-year Power Purchasing Agreement priced at US$ 93.5/MWh. The deal is the first step in establishing a long-term relationship between Xuan Thien Group and EDPR Sunseap to jointly explore opportunities in the region. EDPR Sunseap Executive Chairman Mr. Pedro Vasconcelos, who is also EDPR’s APAC Chief Operating Officer, said: “The deal will help to accelerate the energy transition in Vietnam and the surrounding countries and EDPR Sunseap is committed to bringing in global know-how and leveraging Singapore’s strengths as a regional business hub to achieve our mission of creating a decarbonised and electrified world through clean, affordable and reliable energy”. With this transaction, EDPR Sunseap doubles its operational capacity in Vietnam, strengthening its presence in the APAC region. This reinforces the integration of Sunseap into EDPR in … [Read more...] about EDPR Sunseap concludes acquisition of two solar PV projects in Vietnam

Since 2020, the government has applied the tariff (FiT) for biomass electricity between 7.03 and 8.47 US cents per kWh, depending on where the energy is generated. New feed-in tariff advocated for biomass energy bonanza - illustration photo/ Le Toan “That is too low of a price and not enough to encourage the development of biomass electricity,” said Matthias Eichelbronner, a specialist of the Sustainable Bioenergy Markets (BEM) initiative through the German Development Agency at a workshop earlier this year. Eichelbronner said that many countries in the region, such as Thailand and Malaysia, have very good FiT rates for biomass electricity. In Germany, the government has applied a very high FiT rate for biomass electricity, with the average purchase price of this energy being 19 US cents per kWh, even reaching up to 21 cents per kWh. Currently, Germany’s total biomass power capacity has reached 50GW. “Low electricity prices are the reason that many factories buy … [Read more...] about New feed-in tariff advocated for biomass energy bonanza

Solar panels seen at Xuan Thien Thuan Bac solar plant in Ninh Thuan Province. — Photo provided by the agency EDPR Sunseap has completed a US$284 million deal with Xuan Thien Group, paving the way for its expansion in Viet Nam, the company announced on Monday. The latest acquisition is the largest utility-scale solar investment for the company which is the Asia Pacific hub for the world’s fourth largest renewable energy firm - EDP Renewables. The deal is the first step in establishing a long-term relationship between Xuan Thien Group and EDPR Sunseap to jointly explore opportunities in the region, according to EDPR Sunseap. EDPR Sunseap Executive Chairman Pedro Vasconcelos, who is also EDPR’s APAC Chief Operating Officer, said: “The deal will help to accelerate the energy transition in Viet Nam and the surrounding countries and EDPR Sunseap is committed to bringing in global know-how and leveraging Singapore’s strengths as a regional business hub to achieve our mission of … [Read more...] about EDPR Sunseap completes acquisition of two solar PV projects in VN

Hanoi - International partners have committed to support Vietnam in realising the goal of net zero emissions and energy transition as per the country’s commitment at the 26th UN Climate Change Conference of the Parties (COP26), according to Vietnamese Minister of Natural Resources and Environment Tran Hong Ha. A wind and solar energy project in Loi Hai Commune, Bắc Phong District in the south-central province of Ninh Thuan. - VNA/VNS Photo Minh Hung After the COP26 in 2021, in high-level meetings, the United Nations and development partners, during discussions with Vietnamese ministries and sectors, expressed their willingness to support Vietnam in achieving the goal of net zero emissions and energy transition, Minister Ha noted at a recent conference. Partners including the United Nations, the European Commission and development partners including the United Kingdom, Denmark, Italy, Japan, China, South Korea, France, Germany, Australia, New Zealand, Finland, … [Read more...] about International partners commit to help Vietnam realising net zero emissions

It is planning onshore and near-shore wind power plants that will almost triple its renewable energy capacity by 2026 from the current 1.6 gigawatts of mostly wind and solar energy, its management told Bloomberg. It will also bid for a 1,500-megawatt liquefied natural gas power project in the central province of Ninh Thuan next year. One of Vietnam’s largest renewable energy developers is mulling setting up a pilot green hydrogen plant with a capacity of 120-200 megawatts by 2025. Trungnam became the first private company to build a 500-kilovolt transmission grid in Ninh Thuan, and planned to donate it to the country, but the lack of legal provisions to support the transfer of a private asset to the government has put the deal on hold. … [Read more...] about Electricity company Trungnam Group plans $500-mln bond issuance

Ngo Chung Khanh, MoIT's deputy head of Multilateral Trade Policy Department The UK-Viet Nam Free Trade Agreement (UKVFTA) is expected to help Viet Nam accelerate institutional reforms, improve the investment and trade environment towards modernity and transparency, as well as create convenience for businesses. In particular, with deep commitments to open markets for goods and services, the UKVFTA will be a strong lever promoting bilateral trade and investment exchanges between Viet Nam and the UK. Ngo Chung Khanh, deputy head of the Multilateral Trade Policy Department under the Ministry of Industry and Trade (MoIT) spoke with Viet Nam News reporter Vu Hoa about the agreement after more than one year of implementation. How do you assess the impact of the UKVFTA on Viet Nam - UK trade and investment cooperation now that the agreement has been in effect for more than a year? The UKVFTA has had positive effects on Viet Nam - UK trade and investment cooperation. After the … [Read more...] about UKVFTA: a lever for Viet Nam-UK trade and investment cooperation