renewable energy

Update news renewable energy

VCCI proposes power transactions between residents living in same buildings

VCCI has proposed that the Ministry of Industry and Trade (MOIT) amend current regulations and allow clients in the same buildings to sell or buy rooftop solar power directly to each other without transmitting electricity through the national grid.

Solar power projects found breaching regulations

The Government Inspectorate has forwarded dossiers about four power projects in Ninh Thuan to the Ministry of Public Security for investigation. Meanwhile, two floating solar power projects in Ba Ria – Vung Tau have been found violating the Land Law.

VN’s renewables need long-term strategy and faster localisation

Without a long-term strategy and faster localisation, Vietnam's energy sector could very well fall short in the competition for renewable energy market share on home ground, said industry insiders and experts.

Vietnam stays committed to developing clean and renewable energy

Vietnam remains committed and focused on enhancing the development of hydrogen energy production and hydrogen-source fuels in regions with potential and advantages in renewable energy, close to major consumer markets.

Zero-VND rooftop solar power scheme to quell ‘clean power’ strategy

The draft of the dossier proposing the compilation of a decree on rooftop power development has been opened for public opinion.

Mechanism proposed to remove hindrances to offshore LNG and wind power projects

The Electricity and Renewable Energy Authority has been tasked with drafting a report for the National Assembly, seeking guidance on removing impediments to the implementation of offshore liquefied natural gas (LNG) and wind power projects.

Rooftop solar-power proposal by MOIT faces opposition

Households install rooftop solar power systems for their own use, but cannot sell electricity to other institutions and individuals. They can potentially provide electricity to the national grid, but they do not get paid for doing so.

VN government procures rooftop solar power at zero cost: Draft decree

Any excess energy can be supplied to the grid, but the government only purchases it at a rate of zero dong.

Binh Thuan plans US$10 billion offshore wind power project

The world’s largest green energy group is following procedures to deploy an offshore wind power in Binh Thuan province with total investment capital of $10.5 billion. The project is expected to be completed by 2030.

Vietnamese investor seeks foreign partners to run wind power plant

The investor of Khe Sanh wind power project in Huong Hoa district of Quang Tri province is planning to team up with a foreign investor to run its wind power plant.

France, EU, US to support VN in coal-fired power transition

Praising Vietnam's commitments to go green, leaders of France, the US and the President of the EC, and international organizations at COP28 said they would help Vietnam in the energy transition process.

US group to sell its capital in Mong Duong 2 thermo power project

Deciding to totally divest from Mong Duong 2 thermal power project in Quang Ninh province, AES, the US-based energy corporation, said it wants to turn its low-emission goal into reality.

Vietnam aims big on renewable energy

From 2023 to 2050, the share of renewable energy in the energy mix is expected to increase from 26 to 62 per cent.

Electricity generators want to sell directly to consumers, not via EVN

The Ministry of Industry and Trade (MOIT) has found that 24 renewable power projects want direct power purchase agreements (DPPA), while the other 17 projects are considering seeking direct buyers.

Legal framework required for renewable export opportunities

By 2030, Việt Nam's offshore wind power is projected to reach 6,000MW, with a goal of over 70,000MW by 2050.

Foreign company to develop offshore wind power super-project

The Ministry of Industry and Trade (MOIT) has sent a document to Enterprize Energy, replying to a proposal on the trial development of an offshore wind power project, Thang Long Wind/Thang Long Wind 2, initiated by Enterprize Energy.

Renewable energy companies report lower earnings, burdened with bond debts

Renewable energy companies have recorded declining earnings results, partly due to burdens on corporate bond payment.

State needs mechanism to promote renewable energy development

Vietnam should have a mechanism to enhance foreign investment capital (FDI) to the renewable energy industry, experts said.

Ministry projects preferential prices for solar power in the north

The Ministry of Industry and Trade (MOIT) says that electricity prices from solar power plants in the north that sell to Electricity of Vietnam (EVN) will be higher than those in the central and southern regions.

Different renewable power prices across regions expected

The pricing for new solar energy projects may differ based on the solar radiation intensity specific to each region across the country.