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renewable energy
The Renewable Energy category covers solar, wind, hydro, and alternative energy developments. It explores investment in green technologies, government incentives, sustainability efforts, and industry innovations, providing insights into market demand, infrastructure expansion, and policy frameworks shaping the renewable energy sector.
Vietnam wind power project up for grabs in mortgagee auction
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
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 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
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
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
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 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
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.
Chinese solar factory starts operating in northern Vietnam
China’s Jingko Solar has started operating a new US$709 million factory in Vietnam’s northern province of Quang Ninh, The Investor is reporting. The new 31.3-hectare factory is expected to employ 4,500 workers when fully operational and generate revenue of US$4.07 billion annually.
Vietnam firm’s renewable energy plan ‘defies logic’: The Investor
Local firm Tin Thanh Group’s claim, that it has acquired US$6.4 billion in funding for several renewable energy projects in Vietnam and US, ‘defies logic’ according to local media outlet The Investor. This article breaks down big announcements the Tin Thanh Group has made in the past that never came
Back to the drawing board for PDP8 deployment plan
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
Some renewable energy firms are struggling to make money in Vietnam
High-interest payments on corporate bonds issued to fund a number of renewable energy projects in Vietnam are making it difficult for a number of renewable energy generators to turn a profit, Vietnam News is reporting. Up until the last year or so bonds were a popular way to raise capital
Electricity purchase prices to be higher in low-sun areas: MOIT
The Ministry of Industry and Trade has floated the idea of paying different prices for renewables produced in different regions, according to VN Express. Essentially the argument is that to encourage the development of solar projects in areas where there is less sun, power generators should be paid more. Eds
Some SEA solar products circumventing Chinese solar duties: US Dept. Commerce
Some solar products exported from Vietnam, Thailand, Cambodia, and Malaysia are circumventing duties applied to some Chinese solar products the US Department of Commerce has found, and Solar Power World is reporting. A presidential proclamation from June 6, however, exempts solar imports from the four Southeast Asian countries from paying
In today’s Vietnam news: Ready-to-drink tea market report, Rights groups EU action on Vietnam civic space crackdown, Taxi company buy 2,000 Vinfast cars, Vietnam
In today’s Vietnam news: South Korea – Vietnam leaders meeting, Vietjet COMAC lease agreement, EVN FiT eligibility problems proposed resolution, FDI firms fined over
In today’s Vietnam news: Vietnam-flagged LPG tanker passes Hormuz Strait, To Lam in China, Coffee concerns dry weather in VN, Coal mining output increase
This interview with Ngoc (Lily) Nguyen, the Vietnam Southern Region Sales Manager at HAP Commodities Consulting, covers how the Iran–Hormuz conflict is affecting the coffee
This is an interview with Hao Qiu, the Founder of Fair Farm Vietnam. It looks at how global factors, including Brazil’s crop outlook and Middle
This is an interview with Timen ter Meulen Swijtink, Managing Director, Collective Company (producer of LaCaph-branded coffee). It covers how the Middle East crisis is