Some major businesses of Denmark and Norway have expressed their special interest in developing offshore wind power in Vietnam during recent meetings with officials of the Ministry of Industry and Trade (MoIT).
The draft National Power Development Plan for the 2021 - 2030 period with a vision to 2045 (PDP VIII) clarifies the roadmap to cut down coal-fueled power and increase renewable energy sources, especially wind and gas power, offering a good chance for offshore wind power to thrive, according to experts.
The Philippines has released its offshore wind power roadmap, in which two scenarios are outlined for the development of the country’s wind power industry.
Vietnam Electricity (EVN) has proposed to the Government and relevant ministries and sectors a number of measures to ensure power supply, especially in the northern region, including the issuance of mechanisms to develop renewable energy in the region.
Vietnam’s strong commitments in climate change adaptation towards achieving net-zero emissions by 2050 announced at the UN Climate Change Conference (COP26) is considered a cornerstone for calculations of renewable energy investors.
The draft Power Development Planning (PDP) VIII has demonstrated the trend of developing clean and renewable energies in line with commitments to cutting carbon emissions at the 26th United Nations Climate Change Conference.
Offshore wind power is considered a promising field and able to replace renewable energy in Vietnam but the industry is rather new and it is difficult to implement offshore wind power projects, heard participants at a seminar held in Hanoi on December 16.
Vietnam is believed to possess great potential for developing offshore wind power, but a friendlier legal framework is still needed to attract more foreign investment to this type of renewable energy, an insider has said.
Vietnam will increase offshore wind power capacity to 4 GW from 1 GW and onshore wind power capacity to nearly 17.34 GW from about 1.26 GW by 2030, according to the latest draft of the National Power Development Plan VIII.
Vietnam wants to capitalise on chances to foster cooperation between its localities and Belgium’s Antwerp province in potential fields such as seaports, renewable energy, climate change adaptation and education, Ambassador to Belgium Nguyen Van Thao has said.
Norwegian Ambassador to Vietnam Grete Løchen and Commercial Counsellor Arne-Kjetil Lian recently have handed over the 'Vietnam Supply Chain Study Report' to Vietnamese Minister of Industry and Trade Nguyen Hong Dien.
Vietnam’s offshore wind power has technical potential of about 160 GW, according to a national report on maritime and insular environment for 2016-2020.
With the goal of helping to guarantee national energy security and in response to a downward trend in oil and gas extraction output, the Vietnam Oil and Gas Group (PetroVietnam) has identified the research and assessment of its opportunities in developing the hydrogen industry, including producing “green” hydrogen and exploring natural hydrogen sources, as a crucial task.
The Ministry of Industry and Trade (MoIT) needs to study and direct Vietnam Electricity (EVN) to issue regulations on the transmission and distribution system to ensure the stable operation of the power system amid abundant wind and solar power sources, said Tran Viet Ngai, Chairman of the Vietnam Energy Association.
Vietnam needs to increase the proportion of wind power, especially offshore wind power, in the total power capacity targeted in the National Power Development Plan for 2021-2030 with a vision to 2045 (Power Development Plan VIII), so as to attract more foreign investors in the field, according to businesses and experts.
Denmark prioritises helping Vietnam’s energy sector with green development and transformation, Danish Ambassador to Vietnam Kim Højlund Christensen affirmed on February 24.
Representatives of PNE Group of Germany and the People’s Committee of central Binh Dinh province sat down in a working session on December 15 to discuss an offshore wind power project in the locality.
Prime Minister Nguyen Xuan Phuc on September 30 received Greg Hands, Minister of State for Trade Policy in the Department for International Trade of the UK and President of Enterprize Energy Group Ian Raymond Hatton, who are on a visit to Vietnam to promote an offshore wind power project in the central province of Binh Thuan.
Vietnam is capable of generating 10 GW of electricity by offshore wind farms by 2030, suggested studies carried out by the Danish Energy Agency (DEA) and the World Bank (WB).
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