Vietnam renewable energy news coverage is extensive with the country committed to reaching net-zero emissions by 2050. This category monitors news media coverage of Vietnam’s renewable energy transition including key regulations, investments, and progress meeting its green energy goals.

Offshore wind in Vietnam should to be developed by state first: MoIT

the-shiv July 23, 2024

Of note, the Power Development Plan 8–known in short as the PDP8–that was approved last year, was embedded with a target of six gigawatts of offshore wind power by 2030. The implementation plan for the PDP8 released earlier this year, however, did not list a single offshore wind power project…

Vietnam’s New Direct Power Purchases Decree: Unpacked

Mark Barnes July 17, 2024

Last week, Vietnam issued Decree 80 creating a mechanism by which private enterprises and power generators can enter into direct power purchase agreements or DPPAs. Exactly how impactful this decree might be, however, is difficult to determine at this early stage with a lot of moving parts and a number of obstacles to be overcome. This article breaks down and puts into context the key components of this new piece of legislation.

Vietnamese seafood-solar firm to invest in Mekong Delta wind energy

the-shiv July 17, 2024

Notably, the renewable energy segment is a relatively new growth driver for Sao Mai–Sao Mai only started investing in renewable energy in 2017 when it established Sao Mai Solar. Currently, the firm operates the An Hao Solar Power Plant with a 210-megawatt peak capacity and Europlast Long An Solar Power Plant with a 50-megawatt peak capacity. These projects contribute about 5 percent of Sao Mai’s revenue, however, they account for 20 percent of the firm’s gross profit…

Singapore firm adds 196 MW to Vietnam renewable energy to portfolio

the-shiv June 30, 2024

Of note, Vietnam ranked second in attracting FDI in renewable energy among developing economies from 2015 to 2022, according to the UN Trade and Development World Investment Report 2023. Key foreign investors in renewables in Vietnam are GE Renewable Energy, Copenhagen Infrastructure Partners, and Enterprize Energy…

Spain renewables giant looking at central provinces for Vietnam expansion

the-shiv June 25, 2024

Of note, a combination of favorable climate conditions, supportive government policies, and rising demand has made Vietnam a promising market for renewable energy development in recent years. In particular, southern Vietnam has high solar irradiance and strong, consistent winds. The average annual sunshine duration in Khanh Hoa province is 2,600 hours per year, while Ninh Thuan province has the most hours of sunshine in a year, in Vietnam, reaching up to 2,800 hours…

Vietnam’s zero-VND feed-in-tariffs plan for rooftop solar dumped

the-shiv June 8, 2024

The plan was issued by the Ministry of Industry and Trade and was designed to tackle the issue of over production that surfaced in Central Vietnam several years ago. Said over production, however, was more the result of projects being approved outside of the plans and policies that were in place for solar power development. Specifically, the Government Inspectorate found that the Power Development Plan 7 had set out to see 850 MW of solar power by 2020, however, a total of 168 solar projects with a total capacity of 14,707 MW were approved in that time…

Vietnam’s collective decision-making weighs on offshore wind power development

the-shiv May 4, 2024

The Ministry of Industry and Trade–the MoIT–has said it is unlikely that Vietnam will meet its offshore wind power target of six gigawatts by 2030, The Leader is reporting. Essentially, the MoIT is acknowledging that with all of the various departments and ministries that need to coordinate to make offshore

Vietnam coal power profits surge, but renewables, gas struggle

the-shiv April 23, 2024

Coal power plants in Vietnam are reporting bumper profit increases of up to 1,424 percent on the back of poor weather conditions dampening hydropower outputs, Tuoi Tre is reporting. It also states that gas power projects have also not fared well, saying this was due to reduced outputs and lower

Offshore wind in Vietnam unlikely before 2028

the-shiv April 23, 2024

The Investor is covering the Global Wind Energy Council’s Global Wind Report 2024, which says Vietnam will not have offshore wind power before 2028. The report cites the underdevelopment of Vietnam’s grid and regulatory gaps as key challenges facing offshore wind development in Vietnam. Of note, Vietnam’s Power Development Plan

Vietnam’s MoIT backflips on removal of feed-in tariffs for rooftop solar

the-shiv April 11, 2024

In December, Vietnam’s Ministry of Industry and Trade–the MoIT–circulated a dossier that suggested a draft decree on rooftop solar should have no feed-in-tariffs. However, it has now been reported by Zing News that there has been a reversal of this position with a ‘time-based’ price suggested though it’s not made

Vietnam looking to import wind power from Laos on lower prices

the-shiv December 19, 2023

Vietnam is considering importing wind power from Laos because it’s cheaper, Tuoi Tre is reporting. One project in Laos is offering electricity at 7 cents per kilowatt hour whereas wind power projects in Vietnam that were online before November 1, 2021 receive 9.8 cents per kilowatt hour per a renewable

Vietnam draft solar decree no feed-in-tariffs sends ‘negative signal’

the-shiv December 14, 2023

A draft decree from Vietnam’s Ministry of Industry and Trade addressing rooftop solar says excess electricity can be fed into the grid but will not be paid for, has been met with some concerns, PV Magazine is reporting. The publication quotes solar analyst, Moritz Stitcher as saying “it sends another

Vietnam wind power project up for grabs in mortgagee auction

the-shiv December 7, 2023

Vietnam’s Agribank is auctioning off the Phong Dien 1 wind power plant with a starting price of VND1,205 billion (US$49.6 million) after the firm behind the project Vietnam Renewable Energy Engineering (VREE) failed to meet its debt obligations , The Investor is reporting. Background: Wind power producers were offered very

Vietnam’s Just Energy Transition Partnership released at COP28

the-shiv December 4, 2023

Vietnam revealed its Just Energy transition Partnership agreement on Friday at COP28, with the bulk of the funding to be provided in the form of loans for hydropower projects, Climate Home News is reporting. The agreement is mostly made up of loans as opposed to the grants that Vietnam wanted,

Lack of clear policy, pricing ‘undercutting investor confidence’ in Vietnam renewables: Bloomberg

the-shiv November 22, 2023

The Vietnam Business Forum’s Power and Energy Working Group has published a report in which they say that a lack of legal frameworks around renewable energy is causing problems for firms looking to develop the sector, Bloomberg is reporting. Specifically, the working group has called for clearer regulations around power

Singapore firm to add 245 MW in Vietnam renewable energy to portfolio

the-shiv November 13, 2023

Singapore’s Sembcorp Industries has said it intends to spend US$160.3 million on renewable energy assets in Vietnam, The Investor is reporting. This will include wind, solar, and hydro power purchased from local investment firm Gelex.

Chinese solar firm to increase Vietnam investment almost two-fold

the-shiv November 7, 2023

Trina Solar, a Chinese solar panel manufacturer is to increase its investment in Vietnam by US$420 million dollars bringing its total investment in the country to US$900 million, Tuoi Tre is reporting. Of note, solar panels exported from China to the US are subject to antidumping duty (ADD) and countervailing

Vietnam ‘unlikely’ to reach 6 gigawatt offshore wind power target by 2030

the-shiv November 3, 2023

This target is part of the Power Development Plan 8 approve earlier this year and the ‘unlikely’ assessment came from an article in Fulcrum penned by Phan Xuan Dung a Research Officer at ISEAS – Yusof Ishak Institute. Key takeaways: Vietnam’s grid can’t handle an influx of new wind power;

JETP agreement financing mostly market-rate lows, few grants

the-shiv October 31, 2023

The US$15.5 billion Just Energy Transition Partnership (JETP) agreement developed by the G7 and a handful of other countries to help Vietnam wean itself off coal is mostly market-rate loans that Hanoi didn’t really want and only US$300 million worth of grants, Reuters is reporting. Why it matters: Vietnam was

Chinese solar cell maker to build new factory in northern Vietnam

the-shiv October 26, 2023

China’s Boway intends to build a 20-hectare, US$114 million solar cell factory in northern Vietnam’s Hai Duong province, The investor is reporting. This is part of a number of major investments in its manufacturing operations across northern Vietnam. All-up it reportedly has plans to invest US$350 million Hai Dunong alone.