National electricity demand is expected to increase by 8.5 percent a year until 2025 and 7 percent until 2030, making Vietnam an attractive market for foreign energy investors.
Construction of the V1-2 wind power plant - a joint venture between the Truong Thanh Vietnam Group and the Thai-based Sermsang Power Corporation Public Company Limited - kicked off in the Mekong Delta province of Tra Vinh on August 14.
Thailand’s Banpu and its power business arm Banpu Power (BPP) have joined forces to acquire El Wind Mui Dinh, an onshore wind farm in the south-central province of Ninh Thuan, in a deal worth 66 million USD.
Denmark’s Copenhagen Infrastructure Partners (CIP) along with Asiapetro and Novasia Energy signed a memorandum of understanding with the Binh Thuan Provincial People’s Committee on July 22 to develop the 3.5GW La Gan wind power project off the coast of the south-central province – one of the first large-scale projects of its kind in Vietnam.
In the wake of Vietnam’s first ever National Energy Summit in July 2020, Swedish ambassador Ann Måwe reflects over Sweden’s journey, and areas where the two countries can cooperate in the development of renewable energy.
The Gulf Energy Development PLC of Thailand has announced the purchase of two wind power farms worth about 200 million USD in Vietnam, in order to take advantage of low interest rates as it seeks projects with a quick return on investment.
Vietnam’s energy sector is on the right track developing and using clean and renewable energy, but there are still obstacles ahead to ensure a greener power supply, experts said.
The Danish Energy Agency (DEA) and the Vietnamese Electricity and Renewable Energy Authority have recently organised a webinar seeking ways to help Vietnam optimise its estimated 160GW offshore wind power energy.
The People's Committee of the central province of Ha Tinh has approved a wind power project with a total investment of over 16.2 trillion (696.5 million USD).
The Mekong Delta city of Can Tho on April 21 launched a project on promoting low-carbon transformation in the energy sector for the 2020-2030 period and with a vision to 2050.
The People’s Committee in the central coastal province of Quang Binh had asked B&T Windfarm JSC to complete investment procedures in order to start the construction of a wind farm cluster no later than October 10 this year, according to the provincial portal.
Vietnam will reduce the total capacity of coal-fired thermal power plants from 2020 until 2030, according to the National Steering Committee for Electricity Development.
The Ministry of Industry and Trade has issued a document requiring the development of wind power projects to obey the National Electricity Development Master Plan.
The offshore Bac Lieu wind power plant in Bac Lieu city of the southern province of the same name celebrated its 1 billionth kWh with a ceremony on March 6.
Construction of Hiep Thanh wind-power plant at a cost of nearly 3.37 trillion VND (145.9 million USD) began in the Mekong Delta province of Tra Vinh late last week.
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.
Business
