Wind power overdevelopment faces risks

Sharing the same fate as solar power, sales of wind power in Vietnam are expected to be difficult because of "severe excess electricity" at some point in time.

The Electricity of Vietnam (EVN) Group has submitted to the Ministry of Industry and Trade a report on the situation of the power market.

Nguy cơ điện gió, chưa ra hàng đã đối mặt cảnh báo đáng sợ

So far, EVN has signed power purchasing contracts with 113 wind power projects with a total capacity of 6,038MW.

The number of projects put into commercial operation is 12, with a total capacity of 582MW.

The number of projects that will be put into commercial operation before October 31, 2021 is 87, with a total capacity of 4,432 MW.

The number that may not be commercially operating before December 31, 2021 is 14, with a total capacity of 1,024 MW.

In general, during the flood season and late months of 2021, excess electricity will appear when renewable energy sources account for a large proportion, especially on holidays and Tet (lunar New Year). From October to December, when wind power sources are in full operation, simultaneously with the flood season in the Central – Southern region, the excess capacity may be higher for a longer period.

 

From July to September 2021, the main flood period in the North will occur, which will facilitate hydropower generation. The northern power system will be balanced while power transmission between the North - Central region will be at a low level. This exacerbates the risk of system-wide overcapacity. Renewable energy cuts can be as high as 3000/6,500MW during the midday of weekday or weekend. Estimated cut for renewable energy output per month is more than 180 million kWh.

In the period of October-December 2021 - the main flood season in the Central and Southern region - as hydroelectricity is highly exploited, the reduction in renewable energy due to overloaded transmission and excess power supply on the system on weekdays or Sunday can reach 6,800MW/10,800MW. Estimated cut for renewable energy output per month is 350-400 million kWh.

"If renewable energy projects are put into operation earlier than scheduled or hydropower plants discharge simultaneously, the amount of renewable energy that will be cut may be even higher," noted EVN.

Luong Bang

Wind power investors warned about risks of overdevelopment

Wind power investors warned about risks of overdevelopment

Many wind power projects are being developed at a time when the transmission line has become overloaded. As a result, there could be difficulty selling power.

 
 

Other News

.
Vietnam needs improved marketing strategy
Vietnam needs improved marketing strategy
BUSINESSicon  07/05/2021 

The global outbreak of the Covid-19 pandemic has made the world realize the limitations in the current supply chain, which shows an over reliance on just one link, which is a plausible reason for the collapse of the system. 

Balancing act required for open wood industry
Balancing act required for open wood industry
BUSINESSicon  07/05/2021 

Foreign-invested wood and timber enterprises are contributing a significant chunk to the nation’s export turnover. 

Public investment to spur faster growth
Public investment to spur faster growth
BUSINESSicon  07/05/2021 

Vietnam is to continue speeding up disbursement of public investment, with a focus on infrastructure development, in a bid to spur on economic growth and create more space for private enterprises.

Tax policies for property sector must be carefully studied: finance ministry
Tax policies for property sector must be carefully studied: finance ministry
BUSINESSicon  06/05/2021 

Tax policies for the real estate sector must be carefully studied and introduced at the appropriate time to ensure feasibility and limit speculation, according to the Ministry of Finance.

Enterprises bump up prices on rising raw material costs
Enterprises bump up prices on rising raw material costs
BUSINESSicon  07/05/2021 

With raw materials prices rising, enterprises are hiking prices to protect their profit margins.

Confidence in Vietnam’s business environment continues to rebound
Confidence in Vietnam’s business environment continues to rebound
BUSINESSicon  07/05/2021 

European business leaders began the year positive and optimistic about Vietnam’s trade and investment environment, according to new data from the European Chamber of Commerce in Vietnam (EuroCham).

Businesses stuck amid ministries’ disagreement about tax refunds
Businesses stuck amid ministries’ disagreement about tax refunds
FEATUREicon  07/05/2021 

A number of wind power projects are facing difficulties as taxation agencies have stopped VAT refunds.

Pandemic fluctuations persist in Vietnamese labour market
Pandemic fluctuations persist in Vietnamese labour market
BUSINESSicon  07/05/2021 

The General Statistics Office's report on Vietnam's employment situation over Q1 of 2021 has uncovered the breadth and depth of the pandemic’s effects, despite the impressive work carried out to keep the coronavirus away from its people.

PAN Group entrusted with protection of ST24 and ST25 rice trademarks in int'l markets
PAN Group entrusted with protection of ST24 and ST25 rice trademarks in int'l markets
BUSINESSicon  06/05/2021 

The PAN Group has been authorised to register ownership rights for the ST24 and ST25 rice varieties in foreign markets and protect related trademarks.

Trademark trickery blurs rice status
Trademark trickery blurs rice status
BUSINESSicon  06/05/2021 

Unlike regional competition, Vietnamese branding approaches of well-established rice varieties could still see some improvements because of existing ambiguities in the product development strategies of the responsible government agencies.

Tech-led foundation crucial in e-commerce
Tech-led foundation crucial in e-commerce
BUSINESSicon  06/05/2021 

Vietnam’s e-commerce development is a bright spot for Industry 4.0 with a high growth rate of 20-30 per cent.

Business health to come first in future wage date changes
Business health to come first in future wage date changes
BUSINESSicon  06/05/2021 

In addition to recommending against an increase in wages this year, many experts and businesses have also opposed proposals to change the timing of regional minimum wage changes from January 1 to July 

GDVC licenses Hateco Group’s customs clearance site for post and courier items
GDVC licenses Hateco Group’s customs clearance site for post and courier items
BUSINESSicon  06/05/2021 

The General Department of Vietnam Customs has issued Decision No.1189/QD-TCHQ to grant an operational license for the customs clearance site for post and courier items of Hateco Group. The site is located in Long Bien Inland Clearance Depot in Hanoi.

Value sharing and opportunities for Vietnamese suppliers in global value chain
Value sharing and opportunities for Vietnamese suppliers in global value chain
BUSINESSicon  06/05/2021 

Multinationals corporations and foreign-invested enterprises increasingly focus on sustainability in their cooperation with local suppliers, 

BOT investors face debt, heavy losses for massive loans
BOT investors face debt, heavy losses for massive loans
BUSINESSicon  06/05/2021 

Build-operate-transfer (BOT) investors are falling into a debt trap and incurring heavy losses due to a decline in the toll fee collection, 

Natural island estate attracts foreign investors
Natural island estate attracts foreign investors
BUSINESSicon  05/05/2021 

Not only attracting domestic customers, residential areas on natural islands also attract overseas Vietnamese and foreign investors thanks to convenient, classy and private ecological living spaces.

Selling cars and smartphones, Vietnam’s No. 1 billionaire earns huge profits
Selling cars and smartphones, Vietnam’s No. 1 billionaire earns huge profits
BUSINESSicon  07/05/2021 

The first quarter profit of Vingroup, owned by Vietnam’s richest man Pham Nhat Vuong, increased five times over the same period last year thanks to three major real estate projects and high growth in sales of VinFast cars and smartphones.

VIETNAM BUSINESS NEWS MAY 7
VIETNAM BUSINESS NEWS MAY 7
BUSINESSicon  07/05/2021 

Agro-forestry-fisheries exports up over 24 percent in Jan-Apr

More local banks have young leaders
More local banks have young leaders
BUSINESSicon  06/05/2021 

Ms. Tran Thi Thu Hang, CEO of Sunshine Group, has become the youngest leader in Vietnam’s banking industry after being appointed chairwoman of KienLongBank.

VIETNAM BUSINESS NEWS MAY 6
VIETNAM BUSINESS NEWS MAY 6
BUSINESSicon  06/05/2021 

Vietnam’s production rises at fastest pace since Nov 2018

 
 
 
Leave your comment on an article

OR QUICK LOGIN