Vietnamplus

The Asian Development Bank (ADB) signed a 116-million-USD green loan with three Vietnamese firms to finance the construction and operation of three 48-megawatt (MW) wind farms, totaling 144 MW, in the central province of Quang Tri.

Ground-breaking ceremonies were held on September 24 for two wind farms with combined capacity of 100 MW in the Central Highlands province of Gia Lai.

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).

The construction of two wind farms with a combined capacity of 100 MW began in Hoa Binh district of the Mekong Delta province of Bac Lieu on July 26.

The Ho Chi Minh City-based Fico JSC has been given initial approval from the Binh Dinh Economic Zone (EZ) Authority to develop two wind power plants in the Nhon Hoi EZ.

Amata VN, a subsidiary of Amata Corporation, is studying the feasibility of establishing a fourth industrial park in Vietnam’s central province of Quang Tri.

The Mekong Delta province of Soc Trang has risen to an attractive destination for investors in renewable energy, especially wind power.

Vietnam has set a target of raising renewable energy production from 58 billion kWh in 2015 to 101 billion kWh in 2020, 186 billion kWh in 2030, and 452 billion kWh in 2050.

The Ministry of Industry and Trade (MoIT) has appealed to the Government for a wind power price hike, arguing that this would help boost production at the country’s wind farms.