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Update news Renewable Energy
Vietnam has strong potential to attract high-quality European investment in renewable energy and high-tech industries, but business leaders say regulatory reforms, skilled workers and better access to green power are essential.
Vietnam is showcasing its green hydrogen potential at European Hydrogen Week 2026 in Brussels, Belgium for the first time, seeking to connect with European partners and join the emerging green hydrogen value chain.
Vietnam's southern Ca Mau province has approved a $154.7 million wind power project with 12 turbines and a total capacity of 102 MW, as it accelerates renewable energy development to strengthen national power supplies and support economic growth.
Under the revised Power Development Plan VIII, Vietnam plans two inter-regional industrial and renewable energy hubs in the north and south.
Hanoi households could receive subsidies for rooftop solar and batteries, while national regulators are considering a new approach to solar power pricing that better reflects local conditions.
Rooftop solar is gaining momentum across northern Vietnam, with more than 13,000 customers installing systems as several provinces roll out financial support.
Turning sunshine into money is gaining momentum as households increasingly invest in rooftop solar systems. Across northern Vietnam, more than 10,000 rooftops are now equipped with solar power systems.
With the revised Power Development Plan VIII (PDP8) and a new legal framework paving the way, battery energy storage systems (BESS) are expected to become a key enabler of Vietnam's energy transition.
ANI's dramatic comeback on UPCoM has pushed its market value beyond US$42 million, even though only a few hundred shares change hands in each trading session.
The utility argues that while battery storage raises investment costs, its effectiveness for large-scale solar projects remains insufficiently defined.
Prime Minister Le Minh Hung on June 17 met leaders of two major Russian companies - State Atomic Energy Corporation Rosatom and oil and gas group Zarubezhneft - in Kazan, the capital of Russia’s Republic of Tatarstan.
Prolonged heat waves have driven electricity demand sharply higher, especially in the evening.
Under the integrated model, surplus electricity generated during periods of low grid demand could be used for seawater electrolysis, producing green hydrogen to help optimise investment efficiency for offshore wind farms.
Quang Ninh has greenlit its first offshore wind project - Quang Ninh 4 Wind Power Plant, in Co To special zone, which aims at boosting clean energy supply and strengthening energy security in the northern region.
Quang Ninh has approved in principle the Quang Ninh 4 Wind Power Plant project in Co To special zone, marking an important step toward turning the locality into the country’s wind power hub.
After years of explosive growth, several Vietnamese renewable energy companies are now battling mounting financial pressure and weakening profits.
A solar power company within the Trung Nam Group ecosystem has reported losses of nearly VND1 trillion (US$38 million) in 2025, marking a sharp reversal just one year after unexpectedly returning to profit.
Vietnam is under pressure to position battery energy storage systems (BESS) as strategic energy infrastructure, as fast-growing renewable capacity highlights grid stability challenges and opens up a multi-billion-dollar market for domestic firms.
Quang Ninh province on April 23 officially broke ground on its first wind power plant, marking a significant milestone in its transition toward clean energy.
A number of renewable energy enterprises have reported losses or very low profits, and signs ahead appear even worse despite skyrocketing global oil and gas prices.