This is inline with Russia looking to expand on its existing relationship with Vietnam in the context of limited foreign investment options as a result of sanctions applied to the country in most developed markets over the war in Ukraine…

Vietnam’s Wind Power Industry: Overview 2024

the-shiv September 27, 2024

To fully realise its wind power potential, Vietnam will need to address several challenges, including regulatory uncertainties, grid infrastructure limitations, and financing hurdles. The transition from feed-in tariffs to a competitive bidding mechanism for new projects is expected to create a more stable and transparent investment environment, attracting both domestic and foreign investors.

Another European renewables firm planning to exit Vietnam: Reuters

the-shiv September 10, 2024

Italy’s Enel, a producer of renewable energy, is looking to exit the Vientam market, Reuters has reported. This comes just weeks after it was reported that Norwegian energy firm, Equinor, would be closing its office in Hanoi. Though both firms have suggested their exit is related to broader restructuring of

Norway off-shore wind developer to exit Vietnam on regulatory delays

the-shiv August 24, 2024

The potential for offshore wind in Vietnam has been well documented and plans to introduce six gigawatts by 2030 were detailed in the Power Development Plan 8. There are, however, a number of key challenges facing any sort or practical application, in particular the conflicting interests among several of Vietnam’s key ministries with respect to Vietnam’s Marine Spatial Plan.

Binh Dinh officials push to include German firm in Vietnam offshore wind pilot

the-shiv August 10, 2024

Officials in Binh Dinh are pushing for the Ministry of Industry and Trade to include at least part of an offshore wind farm proposed by Germany’s PNE Group in a pilot offshore wind power project being developed. The full plan is for a US$4.6 billion investment that will generate 2,000

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 Offshore Wind Power Holdup: Unpacked

Mark Barnes May 7, 2024

At the beginning of March of this year, a 100-ton wind turbine fell apart over a fish and shrimp farm in Vietnam’s Bac Lieu province. No one was injured but some three weeks later the owner of the shrimp farm made a compensation claim in the amount of VND 160

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

Prioritise local wind power over imports: Vietnam industry group

the-shiv December 25, 2023

It was announced last week that Vietnam’s state owned power provider EVN was considering importing electricity from Laos at 7 cents per kilowatt. Nestled just near the bottom of this article from VN Express on the issue is a comment from Bui Van Thinh, chairman of the Binh Thuan Wind

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 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

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.

Vietnam launches antidumping investigation into wind turbine towers from China

the-shiv October 3, 2023

The Ministry of Industry and Trade has launched an investigation into wind turbine towers imported from China at the request of CS Wind Vietnam, a subsidiary of South Korea’s CS Wind, The Leader is reporting. Why it matters: This goes to the changing nature of trade with Vietnam, specifically the

Province in southern Vietnam wants to export windpower to Singapore

the-shiv September 21, 2023

The People’s Committee of Ca Mau province has put together a report on plans to export wind power to Singapore via 900 kilometres of overhead high-voltage lines and underground cables, according to Tuoi Tre. This is inline with Vietnam’s National Energy Master Plan which says Vietnam should be exporting 5,000

Back to the drawing board for PDP8 deployment plan

the-shiv September 19, 2023

A draft deployment plan for the Power Development Plan 8 (PDP8) has been sent back to the Ministry of Industry and Trade for revisions due to a lack of detail, particularly on offshore wind, according to The Investor. Why it matters: Doubts have already been raised about Vietnam’s ability to

Vietnam’s offshore wind (OSW) targets in doubt

the-shiv September 9, 2023

“To meet the PDP8 scheduled target, the OSW projects should have been identified, investors selected, and permits issued by now,” according to a blog post from the law firm Shearman and Sterling. The law firm points out that the typical lead time for OSW projects is 5 to 7 years

Lack of, slow policy development may hinder wind power development in Vietnam

the-shiv September 7, 2023

The Investor has a write-up of the Global Offshore Wind Report 2023 in which it highlights that a lack of timely supporting policy can be off putting to investors. Specifically, Vietnam introduced a policy a few years ago that would see wind farms completed by the end of 2020 paid