BPP Vinh Chau Wind Power Co., Ltd (BPPVC) – a subsidiary of Banpu Public Company Limited (Banpu Power) of Thailand, started the construction of a wind power plant with a total capacity of 65MW in Vinh Chau town, the Mekong Delta province of Soc Trang.
Renewable energy has emerged as one of the most preferred sectors for investment in Vietnam, according to a survey by international consulting firm Grant Thornton, but the development of such projects has been hampered by a number of challenges.
The rush to invest in wind energy to take advantage of the Government's pricing incentives could lead to overloading of the national grid in a repeat of the solar scenario, experts warn.
The Mekong Delta province of Tra Vinh is witnessing a series of wind power projects settling in the province thanks to its favourable position, with total investment exceeding 42 trillion VND (1.8 billion USD).
A ground-breaking ceremony was held in the central province of Quang Tri on December 31 for three wind power plants with a combined capacity of 144 MW.
Representatives of the Hong Kong-based Envision Energy recently paid a visit to Thanh Hoa to discuss a wind power energy project in the central province.
The second phase of Trung Nam wind power in Thuan Bac district, the central province of Ninh Thuan, started its operation and connected to the national grid on November 29.
Deputy Prime Minister Trinh Dinh Dung has highly appreciated Ireland-based Mainstream Renewable Power’s interest in renewable energy in Vietnam, especially its investment in an offshore wind farm in the southern province of Soc Trang.
The CNBC news website of the US recently published an article saying that Vietnam is powering ahead of the rest of Southeast Asia as it pushes for greater reliance on renewable energy.
Vietnam is an attractive destination for many Korean businesses, Choi Gangsun, Director of Gyeonggi high-tech park, said at a trade promotion workshop held in Ho Chi Minh City on October 3.
The People’s Committee of central Quang Tri province has approved in principle three wind power projects with a combined investment capital of nearly 5 trillion VND (215.6 million USD), online newspaper baodautu.vn reported.
Secretary of the Quang Binh provincial Party Committee and Chairman of the provincial People’s Council recently had working sessions with leading German firms operating in clean energy, especially in wind power, in Berlin, as part of investment promotion activities in Germany from September 13 – 17.
Since 2017, the Vietnamese Government has issued a number of priority policies to develop renewable energy to boost production and attract domestic and foreign investment, heard a workshop in Hanoi on September 17.
The central coastal province of Quang Tri has attracted many foreign investors in energy, from thermal, gas, to wind and solar power, which is a strength and a key industry of the locality.
Along with its rapid economic growth, Vietnam’s electricity demand is also increasing strongly, at around 10 percent a year, causing huge pressure on the energy sector, according to the Ministry of Industry and Trade.
The Gelex Energy Ltd on June 27 started construction of two wind power plants with total capacity of 50MW in Huong Phung commune, Huong Hoa district of the central province of Quang Tri.
Research institute-business cooperation for technology transfer and human resources was a key matter discussed at the 2019 Vietnam Technology-Energy forum, which took place in Ho Chi Minh City on June 26.
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