Effectively developing renewable energy in Vietnam was the focus of a workshop hosted by the Energy Department under the Ministry of Industry and Trade in Hanoi on May 20.

As part of the activities organised in the National Energy Development Strategy for the 2011 -2020 period, the event brought together seven leading French businesses operating in the field, who shared experience in producing new energy sources in their country.

In his speech at the event, Deputy Minister of Industry and Trade Le Duong Quang said Vietnam, with its advantageous geographical position and climate for agriculture, possesses enormous potential for the development of new energy sources such as hydroelectricity, biomass, wind and solar power, geothermal energy and biological fuel.

However, Quang added that the exploitation and use of renewable energy in the country is limited, accounting for only 6.3 percent of the total energy volume for producing electricity.

Participants said new incentive policies should be created to promote investment in the field.

France is considered as one of the countries that has the technological and financial strength for developing renewable energy, especially wind and solar power. Therefore France ’s expertise is useful for Vietnam in the field.

At the event, Francois Greaume, a representative from France’s Agency for Environment and Energy Management, shared his country’s “Feed-in-tariff” policy in developing renewable energy, which subsidises wind power projects on the mainland.-VNA