Vietnam’s solar power plants are facing a crisis in consumption of their electricity because there has not been synchronous development of power transmission infrastructure or a suitable operation mechanism.
Prime Minister Nguyen Xuan Phuc worked with authorities of the Mekong Delta province of Bac Lieu in Ho Chi Minh City on January 12 to evaluate its socio-economic performance and discuss a number of major projects in the locality.
The central city of Da Nang granted new licences to 126 foreign direct investment (FDI) projects in 2018 with a total investment value of over 155 million USD – double the level it saw in 2017.
The central province of Quang Tri has been luring strategic investors who have potential in capital and technology to involve in large-scale wind power projects.
The proposed offshore wind power project in the south central province of Binh Thuan will have a designed capacity of 3,400 MW and require total investments of nearly 12 billion USD, UK developer Enterprize Energy said.
The central coastal province of Ninh Thuan is speeding up the implementation of wind power projects to soon connect them to the national grid and generate electricity as an effort to turn the locality into a renewable energy hub of Vietnam.
German businesses are ready to cooperate with and support Vietnam in developing wind power as the country boasts huge potential for renewable energy, including wind energy.
The central province of Ninh Thuan is speeding up the construction of wind and solar power plants in order to generate commercial electricity as scheduled.
Commercial banks are rushing to provide loans for green energy projects amid a wave of investment in the growing industry, dubbed a landmark for the country’s renewable energy outlook.
Four wind power projects are scheduled to be completed in the south central province of Ninh Thuan by the end of 2018, according to the provincial People’s Committee.
Prime Minister Nguyen Xuan Phuc has called on Danish businesses to be more active in contributing ideas to policy-making in Vietnam, while promoting their role in fostering the partnership between Vietnam and Denmark.
Tens of Vietnamese and foreign investors are asking for permission to survey the wind power potential in the Central Highlands province of Dak Lak to build wind power plants here, according to a local official.
The Government has recently decided to increase price of wind power to encourage the development of this energy after eight years imposing the Feed in Tariff (Fit) of 7.8 US cent/kWh.
Authorities of the Mekong Delta of Tra Vinh have approved an investment of close to 3.37 trillion VND (144.3 million USD) in the Hiep Thanh wind power plant from three investors.
The Mekong Delta province of Soc Trang will prioritise investors with technical and financial capacity to implement wind power projects in the province, according to local officials.
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